Ice Lounge Media

Ice Lounge Media

Reliance and Disney merge India media businesses to launch $8.5B JV

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Reliance, its portfolio Viacom18 and Disney are merging their media businesses in India, creating the largest media entity in the South Asian market. Reliance will control and own 16.34% of the joint venture, which it has valued at $8.5 billion. Disney will own a 36.84% stake in the merged entity, and Reliance-backed Viacom18, which also […]

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