Nita Ambani to lead the new company as Chairperson, with Uday Shankar as Vice Chairman.
Reliance to invest Rs 11,500 crore in the joint venture, focusing on OTT growth.
Reliance and Disney Merger
This merger creates a major player in the Indian media and entertainment industry, combining the strengths of Reliance’s established presence and Disney’s vast content library.
Key points:
- Reliance and Disney merge their Indian media operations.
- Reliance to invest heavily in the new entity and OTT growth.
- Nita Ambani to take the helm of the merged company.
This deal is expected to:
- Enhance the range of content available to Indian audiences.
- Boost the growth of the OTT market in India.
- Solidify Reliance’s position in the media and entertainment landscape.
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