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Disney and Reliance merge India media businesses to form $8.5B joint venture | TechCrunch

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Disney and Reliance merge India media businesses to form $8.5B joint venture | TechCrunch

Reliance's media empire, prior to the deal with Disney. (Data and image: JP Morgan) The merger follows a fierce competition between Hotstar and JioCinema, which lured top Disney talent last year to boost its platform. Viacom18 also outbid Disney's $3 billion for five-year streaming rights to India's popular cricket tournament, the Indian Premier League, breaking many of Hotstar's past viewing records in just one year.

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Disney and Reliance merge India media businesses to form $8.5B joint venture | TechCrunch

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Disney and Reliance merge India media businesses to form $8.5B joint venture | TechCrunch

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