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Reliance Industries, Disney, and Viacom18 have finalized a historic ₹70,352 crore merger, creating India’s largest media and entertainment company. Nita Ambani will chair the joint venture, with Uday Shankar as Vice Chairman. This powerhouse combines popular platforms like JioCinema, Hotstar, Colors, and Star, offering diverse content across TV and digital.
Key Highlights of the Merger:
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Content Powerhouse: Over 100 TV channels and 30,000+ hours of annual entertainment, with 50 million OTT subscriptions via JioCinema and Hotstar.
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Strategic Leadership: A three-CEO model will lead the venture—Kevin Vaz (Entertainment), Kiran Mani (Digital), and Sanjog Gupta (Sports).
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Ownership Structure: Reliance holds 16.34%, Viacom18 owns 46.82%, and Disney retains 36.84%. Reliance also owns 13.01% of Paramount Global, boosting global presence.
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New Branding: The JV’s website, JioStar.com, is live, hinting at transformative branding for the merged entity.
Future Prospects:
Analysts anticipate transformative changes in the Indian entertainment sector with enhanced access to diverse content. Mukesh Ambani stated, “This JV marks a new era in Indian media, delivering affordable, world-class content for viewers.”
Challenges Ahead:
While regulatory compliance remains critical, the merger’s strong leadership and robust ecosystem set it on a promising path.
This merger redefines Indian entertainment, positioning Reliance-Disney as a global contender.
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