India Observers

Walt Disney and Reliance Industries, two major companies, have decided to join hands in India. This involves combining their media businesses in our country. Last week in London, these companies agreed to start the process of merging their media operations in India.  This agreement is a major move, as it will create one of India's largest media companies. This new company will be a big player, challenging other major media houses like Zee Entertainment, Sony, and popular streaming services like Netflix and Amazon Prime. The structure of this deal is quite interesting. Reliance Industries will hold a majority, with a 51% share, while Disney will have 49%. This means Reliance will have a bit more control over the new company. They plan to complete this big merger by February. Key people like Kevin Mayer, a former Disney executive, and Manoj Modi, advisor to Mukesh Ambani, have been working hard to make this deal happen. They have been in discussions for months. Now, they will start ...