The Entertainment Division will include Reliance’s Colors TV channels and Disney’s Star network, while the Digital Division will bring together JioCinema and Hotstar under one umbrella

Disney and Reliance Industries have completed the $8.5B deal to form a media and entertainment giant in India.

Reliance Industries and Disney completed their long-awaited media merger, creating an Indian powerhouse valued at $8.5 billion.

Reliance and Disney have completed their landmark Indian media merger, creating an $8.5 billion entertainment powerhouse in the country's streaming and Reliance and Disney complete landmark Indian media merger,

The head of Disney and Reliance Industries’ newly merged $8.5bn Indian entertainment titan plans to invest and “revitalise” television in the world’s most populous country even as western media organisations increasingly see it as a dying medium.

Reliance Industries and Walt Disney on Thursday completed the $8.5 billion merger of their Indian media assets, which have been split into three divisions, with each unit having its own CEO. The companies said the newly formed divisions are entertainment,

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Reliance and Disney, on Thursday, announced the completion of their Joint Venture (JV) . In an exchange filing, Mukesh Ambani -led Reliance Industries Limited (RIL) said that the merger is set to create one of the biggest media conglomerates in India.