Reliance Industries, Viacom18, and Disney have finalized a massive merger, creating India’s largest media and entertainment company valued at over Rs 70,000 crore.
The merger brings together TV channels like Star and Colors, along with OTT platforms JioCinema and Hotstar, providing a vast content library for Indian audiences. The new entity, led by three CEOs, expects annual revenue of Rs 26,000 crore and has received regulatory clearances from the NCLT and CCI.