Reliance Industries Limited (RIL) and The Walt Disney Company have merged their media assets to create India's largest media empire, valued at over $8.5 billion

Reliance Industries Limited (RIL) and The Walt Disney Company have merged their media assets to create India's largest media empire, valued at over $8.5 billion ¹ ² ³. RIL will hold a majority stake of 63.16% in the combined entity, while Disney will hold 36.84% ¹. The merger brings together two leading OTT streaming platforms, Disney Hotstar and Jio Cinema, and 120 television channels ¹. Nita Ambani, wife of RIL Chairman Mukesh Ambani, will head the joint venture, with Uday Shankar as Vice Chairperson ¹. The deal is expected to create a powerhouse in the entertainment industry, offering unparalleled content at affordable prices ².