Reliance, Walt Disney Close $8.5 Billion Merger Of Indian Media Assets

November 14, 2024 admin

Reliance, Walt Disney Close .5 Billion Merger Of Indian Media Assets

The merger will create India’s biggest entertainment player New Delhi: Reliance Industries and Walt Disney on Thursday completed the $8.5 billion merger of their Indian media assets, which have been split into three divisions, with each unit having its own CEO. The companies said the newly formed divisions are entertainment, which houses Reliance’s Colours TV…

Nation

Disney gambles on free cricket to turn the tables in streaming war

August 29, 2023 admin

Walt Disney is attempting to revive the fortunes of its streaming business in India by offering free cricket on smartphones, betting that the strategy will boost advertising revenue and offset the impact of a subscriber exodus. The India streaming operations, which were Disney’s biggest last year globally by users, posted a loss of $41.5 million…

Business