Reliance Industries achieves a landmark merger with Disney India, reshaping the media and entertainment landscape.
Mukesh Ambani's strategic vision positions Reliance as the dominant force in media, controlling 51% stake post-merger.
Viacom 18 and Disney Hotstar India combine forces under Reliance, creating an unrivaled media and entertainment giant.
Reliance emerges as the majority shareholder, holding the reins with a 51% stake, reinforcing its market influence.
Both Reliance and Disney secure equal representation on the merged company's board, fostering collaborative decision-making.
Viacom's major stakeholder, Bodhi Tree, potentially gains a seat on the board, adding a new dimension to corporate governance.
Reliance commits to cash payments for ownership stakes, signaling a significant financial investment in the media sector.
With 77 Star India channels and 38 Viacom channels, the merger enriches the collective channel portfolio, enhancing content offerings.
Disney's Hotstar and Reliance's Jio Cinema join forces, creating a streaming powerhouse with diverse content libraries.
Anticipated to conclude by January 2024, the merger signifies a strategic move to reinforce market presence amid evolving industry dynamics.
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