New Delhi: Walt Disney Co and Reliance Industries on Wednesday announced signing of binding pacts to merge their media operations in India to create a Rs
Reliance, Disney to merge India media operations; Nita Ambani to be chairperson thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
RIL announced that it would infuse Rs 11,500 crore into the proposed joint venture (JV) with Walt Disney. In April 2023, it had invested Rs 10,839 crore as part of a Rs 15,145 crore fund injection in Viacom18 with Bodhi Tree Systems investing Rs 4306 crore. Sports and digital content have received major investments, and both will continue to be a core priority as the joint venture takes shape. The merger is expected to conclude in Q4 of 2024 or Q1 of 2025.