Bodhi Tree Systems and Reliance to invest $2bn in Viacom18.

Bodhi Tree Systems, a platform of Lupa Systems and Uday Shankar, and Reliance, an Indian multinational conglomerate company, agreed to invest $2bn in Viacom18, an entertainment networks and a house of iconic brands. "James and Uday's track record is unmatched. For over two decades, they have played an undeniable role in shaping the media ecosystem in India, Asia, and around the world. We are very excited to partner with Bodhi Tree and lead India's transition to a streaming-first media market. We are committed to bringing the best media and entertainment services for Indian customers through this partnership," Mukesh D Ambani, Reliance Industries Chairman and Managing Director.