RIL announced that it would infuse Rs 11,500 crore into the proposed joint venture (JV) with Walt Disney. In April 2023, it had invested Rs 10,839 crore as part of a Rs 15,145 crore fund injection in Viacom18 with Bodhi Tree Systems investing Rs 4306 crore. Sports and digital content have received major investments, and both will continue to be a core priority as the joint venture takes shape. The merger is expected to conclude in Q4 of 2024 or Q1 of 2025.
Disney cuts 7,000 jobs globally: Best Media Info bestmediainfo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bestmediainfo.com Daily Mail and Mail on Sunday newspapers.
Best Media Info: The job cuts amounting to 3% of the global workforce are a part of the company’s cost-savings plan and “strategic reorganisation” announced CEO Bob Iger| Television News