While the company s operating revenue from TV and digital businesses increased by 6% to ₹19,857 crore, its total income increased by 9% to ₹20,699 crore, making it the largest traditional media and entertainment (M&E) company in the country by revenue. The American media conglomerate is currently in talks with Reliance Industries (RIL) to sell its India business.
Reliance Industries (RIL) and The Walt Disney Company are facing difficulties in reaching a deal for Disney s India operations due to a significant difference in their valuations. While RIL values Disney Star at $3-4 billion, Disney is seeking a valuation of $10 billion. The factors against Disney Star include a decline in the paid subscriber base of Disney+ Hotstar.
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Blackstone, the worlds largest private equity firm, has initiated discussions with the Walt Disney Co to evaluate buying the media giants India streaming and television business, said people aware of the matter.
Private equity firm Blackstone is reportedly in talks with Walt Disney to discuss the potential acquisition of Disney s streaming and television business in India. The discussions may involve the purchase of specific assets, such as sports properties and media rights, as well as the Disney+ Hotstar streaming service. Former Disney executives Kevin Mayer and Tom Staggs, who now work as advisers to CEO Bob Iger, are believed to have played a key role in initiating the discussions. The talks are still at an early stage and there is no guarantee of a deal.