Reliance, Disney Announce Joint Venture to Merge Digital Streaming and TV Assets in India
Reliance and Disney on Wednesday announced a strategic joint venture that will merge their digital streaming and television assets in India. The merger will result in Reliance combining the businesses of Viacom18 and Star India into a single unit called Star India Private Limited (SIPL) through a court-approved scheme of arrangement. Reliance Industries Limited (RIL) will control 16.34 percent of the joint venture, whereas the other two parties, Viacom18 and Disney, will control 46.82 percent and…