Disney's $8.5 billion Reliance merger is a streaming wars win in sports-obsessed India
Publishing timestamp: 2024-02-29 03:59:19
Summary
Walt Disney and Indian conglomerate Reliance are merging their respective media units in India, creating a joint venture valued at roughly $8.5 billion. The merger will give Disney back valuable cricket streaming rights in the country, aiming to regain lost customers and improve streaming profitability. Mukesh Ambani will control the venture, injecting $1.4 billion into its growth strategy.
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Tickers: DIS, RELIANCE-IN,
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