Reliance, Disney announce deal to create $8.5 billion media goliath

Reliance Industries, Viacom 18, and Disney merge Viacom18 and Star India to create a JV valued at Rs 70,352 crore ($8.5 billion). The JV will be one of India's leading media companies, providing entertainment and sports content to over 750 million viewers and exclusive distribution rights for Disney films.
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