Reliance Industries, one of India’s largest conglomerates, is reportedly nearing a deal to buy Walt Disney’s India operations in a cash and stock deal worth around $10 billion. The deal, if it goes through, would be one of the biggest in the Indian entertainment industry and would give Reliance a major boost in its bid to become a global media powerhouse.
What does the deal mean for Reliance?
For Reliance, the acquisition of Disney India would give it access to a vast library of content, including popular Disney and Marvel films, as well as popular Indian TV channels such as Star Plus and Hotstar. This would allow Reliance to expand its reach and influence in the Indian entertainment market, which is one of the largest in the world.
What does the deal mean for Disney?
For Disney, the sale of its India operations would allow the company to focus on its core businesses in the United States and other international markets. It would also allow Disney to free up capital that can be used to invest in other areas, such as its streaming business.
What does the deal mean for Indian consumers?
For Indian buyers, the agreement means more options and increased rivalry in entertainment. Reliance plans substantial investments in Disney India’s content and distribution, eventually benefiting Indian consumers.