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Announced

Reliance Industries, Bodhi Tree Systems-backed Viacom18 and The Walt Disney Company to form a $8.5bn joint venture.

Synopsis

Reliance Industries, an Indian multinational conglomerate, Viacom18, an Indian media company, and The Walt Disney Company, an American multinational mass media and entertainment conglomerate, agreed to form a $8.5bn joint venture. “India is the world’s most populous market, and we are excited for the opportunities that this joint venture will provide to create long-term value for the company. Reliance has a deep understanding of the Indian market and consumer, and together we will create one of the country’s leading media companies, allowing us to better serve consumers with a broad portfolio of digital services and entertainment and sports content,” Bob Iger, The Walt Disney Company CEO.

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