Reliance Industries and Walt Disney completed an $8.5 billion deal to form a new media powerhouse.

• This joint venture (JV), valued at INR 70,532 crore, is structured around three key divisions: entertainment, digital streaming, and sports.
• The merger combines the considerable resources of Reliance’s media assets, including its Colors TV channels and JioCinema streaming platform, with Disney’s Star network and Hotstar streaming service.
• According to Mukesh Ambani, chairman and managing director of Reliance Industries, the collaboration will provide “unparalleled content choices at affordable prices” for Indian audiences, with a specific emphasis on digital access.
• This new venture aims to streamline content delivery across platforms and maximise reach in a country of over 1.4 billion people.