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As of now, Reliance will effectively control the joint venture. It will own a direct stake of 16.34% in the company, while subsidiary Viacom18 will own 46.82%, and Disney 36.84%.
Netflix’s co-CEO also said its ad-supported plan isn’t coming to India anytime soon as the subscription market still has room to grow.
Sony has far greater cultural and managerial similarities with Disney than with Zee. Also, preventing Reliance from scooping up Disney+Hotstar should now be at the top of its agenda