reliance and disney merge creating major media powerhouse in india

Reliance Industries, Viacom18 Media, and Walt Disney Company have completed their merger, combining Viacom18's media and JioCinema businesses with Star India.

This partnership is valued at Rs 70,352 crore and will be overseen by three CEOs: Kevin Vaz for the entertainment division, Kiran Mani for the digital division, and Sanjog Gupta for sports.

The merger creates a significant media powerhouse in India, with over 100 television channels and a customer base of more than 50 million subscribers through JioCinema and Hotstar.

The new entity also possesses a wide range of sports broadcasting rights, including prominent cricket and football events.

Additionally, Gentari, a clean energy company, is set to acquire a portion of Brookfield's renewable assets for $900 million, highlighting the increasing investment in sustainable energy solutions.

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