Disney Is Planning an $8.5bn Merging Dealforthe Poor India Unit
Disney is combining forces with Asia’s richest man to solve the challenges that are weighing down its streaming performance in India. The company recently announced that Star India service will be merging with Viacom18, an Indian entertainment network backed by Mukesh Ambani’s Reliance Industries, in a new deal worth $8.5bn. With this new deal, Reliance will now lead the business which is counted as one of the biggest media companies in the country. According to reports, Reliance has pledged to inject a massive $1.4bn (£1.1bn) to help the firm grow…
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