Reliance-backed Viacom18 has struck a deal to purchase 60% of Disney's India unit, as reported on January 31, 2024. This acquisition marks a substantial shift in the Indian media landscape, consolidating Viacom18's position as a major player.
With Reliance's backing, Viacom18 aims to strengthen its foothold in the competitive Indian entertainment market. The deal underscores the ongoing evolution and consolidation within the industry, promising potential synergies and new opportunities for both Viacom18 and Disney India.