Reliance, Disney create $8.5b powerhouse following merger of India media assets

Reliance, Disney create $8.5b powerhouse following merger of India media assets

FILE PHOTO: FILE PHOTO: Disney and Reliance logos are seen in this illustration taken December 15, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

India’s top conglomerate Reliance Industries and Walt Disney on Wednesday announced the merger of their India TV and streaming media assets, creating an $8.5 billion entertainment juggernaut far ahead of rivals in the world’s most populous nation.