Breaking Reliance and Disney Announce Strategic Joint Venture

SarfaRaZ

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Reliance Industries Limited (RIL), Viacom 18 Media Private Limited and The Walt Disney Company today announced the signing of binding definitive agreements to form a joint venture that will combine the businesses of Viacom18 and Star India. As part of the transaction, the media undertaking of Viacom18 will be merged into Star India Private Limited (“SIPL”) through a court-approved scheme of arrangement.

In addition, RIL has agreed to invest at closing Rs 11,500 crore (~US$ 1.4 billion) into the joint venture for its growth strategy.

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Will they rebrand the channel names or apps to have a common brand name Ex: Jio Hotstar
 
Star India private limited (SIPL)
Share holders(approx)

RIL - 57.04%
Bodhi tree - 6.12%
Disney - 36.84%

Buddy this stake ownership is applicable for the new merged entity which is being formed by combining Viacom18 and Disney-Star assets and not linked to shareholding in Star India whichs alongwith Viacom18 shall not be a standalone company once merged entity begins to operate post getting requisite approvals (Disney-Star)
 
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