Walt Disney is reported to have agreed to sell 61 per cent of its India business to Viacom 18, the media arm of Reliance Industries Ltd, in what is seen as a major development in the Indian media and
Reliance Industries, Viacom 18 Media, and Walt Disney partner up to create a joint venture merging Star India and Viacom18, with Reliance investing Rs 11,500 crore ($1.4 billion) into the new enterprise.
New broadcast partners extend animated comedies to audiences across Europe, Africa, China and the UAE; Netflix reports millions of hours of accrued viewing across the streaming platform.