India's Reliance to Buy Paramount's Stake in Viacom18 usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
India's Reliance Industries and Walt Disney have agreed to merge their Indian media businesses, creating a $8.5 billion entertainment giant in the world's most populous nation.India's entertainment market is already one of the world's biggest, with the merger expected to further shake up the multi-billion-dollar industry.
India’s Reliance Industries and Walt Disney of the United States have announced the merger of their India TV and streaming media assets, creating an $8.5bn entertainment powerhouse far ahead of rivals in the world’s most populous nation. Reliance, led by Asia’s richest man Mukesh Ambani, will inject $1.4bn in the merged entity, with the company and its affiliates holding a more than 63 percent stake. Disney will hold about 37 percent, the companies said in a joint statement late on
Reliance, Disney Announce Giant India Media Merger menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
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