Mumbai, November 14, 2024: In a groundbreaking move, Reliance Industries Limited (RIL), Viacom18, and Disney have joined forces to create a media and entertainment powerhouse. The historic merger, valued at a staggering ₹70,352 crore, brings together the best of Indian creativity and global expertise.
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A New Era of Entertainment
The merged entity, Star India Private Limited, promises to transform the Indian media landscape. With RIL investing ₹11,500 crore, this partnership is poised to deliver unparalleled content choices at affordable prices. Nita Ambani will helm the venture as Chairperson, with Uday Shankar providing strategic guidance as Vice Chairperson.
Leadership Trio
Three seasoned CEOs will steer the company towards success:
- Kevin Vaz: Entertainment maestro
- Kiran Mani: Digital visionary
- Sanjog Gupta: Sports savvy
Mukesh Ambani’s Vision
“This joint venture marks the beginning of a new era in Indian media and entertainment,” said Mukesh D. Ambani, Chairman and Managing Director of RIL. “Our partnership with Disney, combined with our deep understanding of the Indian consumer, will create a transformative experience.”
Expanding Horizons
The merged entity boasts:
– 100+ TV channels
– 30,000+ hours of engaging content annually
– 50 million+ subscribers on JioCinema and Hotstar
– Extensive sports rights portfolio
This strategic alliance is set to redefine the Indian media and entertainment landscape, offering endless possibilities for creators, consumers, and investors alike.
