Reliance Disney Deal: Mukesh Ambani and Disney unite, country's largest entertainment company will be born

Reliance Disney Deal: Mukesh Ambani and Disney unite, country's largest entertainment company will be born

Jio and Disney Hotstar: The country's richest man and owner of Reliance Industries, Mukesh Ambani, has grabbed the biggest deal in the entertainment world. After completion of this deal, Reliance will become India's largest entertainment company. A non-binding agreement has been signed between Reliance and Walt Disney. Under this, 51 percent of Walt Disney's Indian business will be owned by Reliance. After the merger of both the companies, the country's largest entertainment company will be born. Reliance-Disney will be the country's largest entertainment company. h3>

According to the reports of Reuters and ET, this biggest merger of entertainment business can be completed by February 2024. It was told in the report that Mukesh Ambani-owned Reliance will get 51 percent stake in it and 49 percent will be owned by Disney. Both cash and stocks are involved in this merger. With its completion, Reliance-Disney will become the biggest entertainment company in the country. Reuters had reported two weeks ago that officials of both the companies are going to meet in London to talk about this deal. 

Amazon Prime, Netflix, Zee and Sony Anxiety will increase 

The merger of RIL and Walt Disney will give direct competition to Zee Network, Sony TV, Amazon Prime and Netflix. At present, RIL's Jio is present in the media and entertainment sector with many apps and Viacom18. There was competition between Jio Cinema and Disney Hotstar. strong>

Jio Cinema has also been included in this merger. It has the online rights of IPL (Indian Premier League). Earlier, these rights were with Disney Hotstar. In this sector, Ambani was facing competition only from Disney. Disney Hotstar users started decreasing after the online rights of IPL went away. Disney wanted to sell the Indian business. p>According to the report, since January 2023, Disney was trying to sell its Indian business or make an Indian company a partner for joint venture. Disney also has many TV channels and Hotstar streaming platform. After the merger, both the parties together can invest between 1 to 1.5 billion dollars.

Can be announced next month

This merger can be announced early next month. Under the proposal, Disney will retain a minority stake in the Indian company following the completion of any cash and stock swap transaction.

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