Mega Merger Marks New Era in India’s Entertainment Industry

Reliance Industries and Walt Disney's media assets merger has been approved by the Competition Commission of India (CCI), creating India's largest media empire. This deal, involving platforms like Disney Hotstar and JioCinema, promises to deliver world-class digital entertainment across the spectrum.

In a historic move, the Competition Commission of India (CCI) has approved the merger of Reliance Industries' and Walt Disney's media assets, marking a transformative moment in the nation's entertainment industry.

Reliance Industries Chairman Mukesh Ambani announced the merger at RIL's 47th AGM, emphasizing its significance for both companies. "This merger heralds a new era in India's entertainment sector, combining our expertise in content creation with digital streaming," Ambani stated.

The joint venture, which will become India's largest media house valued at over Rs 70,000 crore, will encompass popular OTT platforms Disney Hotstar and Jio Cinema and a vast array of television channels. With Reliance holding a 63.16% stake and Disney the remaining 36.84%, this partnership aims to elevate India's digital entertainment experience to unprecedented levels.

(With inputs from agencies.)