Reliance Industries and Walt Disney yesterday completed the $8.5 billion merger of their Indian media assets, which have been split into three divisions, with each unit having its own CEO.
The deal, proposed in February, brings together Disney’s Star India with Reliance-controlled Viacom18 under a joint venture that will control about 85 per cent of India’s streaming market and roughly half of television viewership in the South Asian nation, according to analysts.
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