Disney-Reliance $8.5 Billion Media Merger Closes, Creating Indian Entertainment Powerhouse

India’s entertainment landscape shifted Thursday as Reliance Industries and Disney completed their long-awaited media merger, creating an Indian powerhouse valued at $8.5 billion. The deal combines Disney’s Star India with Reliance’s Viacom18 and streaming platforms JioCinema and Hotstar. Nita M. Ambani will chair the joint venture, with media veteran Uday Shankar serving as vice chair. […]