{"id":5005,"date":"2024-11-14T17:59:18","date_gmt":"2024-11-14T12:29:18","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=5005"},"modified":"2024-11-14T17:59:20","modified_gmt":"2024-11-14T12:29:20","slug":"reliance-and-disney-form-joint-venture-for-indian-entertainment-market","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/reliance-and-disney-form-joint-venture-for-indian-entertainment-market\/","title":{"rendered":"Reliance and Disney Form Joint Venture for Indian Entertainment Market"},"content":{"rendered":"\n<p>Reliance Industries Ltd (RIL), Viacom18, and Disney have officially formed a joint venture (JV) for their entertainment businesses in India. The new entity merges the media and JioCinema segments of Viacom18 with Star India, creating a major player in Indian entertainment. The merger, effective as of November 14, received approvals from the NCLT Mumbai, the Competition Commission of India, and other regulatory bodies.<\/p>\n\n\n\n<p>RIL invested Rs 11,500 crore to fuel the JV&#8217;s growth. The JV has been valued at Rs 70,352 crore post-money, with RIL controlling the entity. Ownership in the JV is split with Viacom18 holding 46.82%, Disney 36.84%, and RIL holding a 16.34% stake.<\/p>\n\n\n\n<p>The leadership of the JV is expected to be transformational, spearheaded by three CEOs: Kevin Vaz will lead the entertainment across platforms; Kiran Mani will steer the wheel of the digital unit; and Sanjog Gupta will be leading the sports division-all three combining to make the Indian entertainment market disruptive.<\/p>\n\n\n\n<p>While Nita Ambani will be the Chairperson of the JV, it will be Uday Shankar as Chairperson who will provide the strategic vision and direction.<\/p>\n\n\n\n<p>Do you have a news tip for Lakshmishree reporters? Please email us at <a>media@lakshmishree.com<\/a><\/p>\n\n\n\n<p><sub><sup>Source: <a href=\"https:\/\/www.moneycontrol.com\/news\/business\/reliance-and-disney-complete-transaction-to-form-jv-for-entertainment-brands-in-india-12867744.html\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.moneycontrol.com\/news\/business\/reliance-and-disney-complete-transaction-to-form-jv-for-entertainment-brands-in-india-12867744.html\" rel=\"noreferrer noopener\">Moneycontrol<\/a><\/sup><\/sub><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries Ltd (RIL), Viacom18, and Disney have officially formed a joint venture (JV) for their entertainment businesses in India. The new entity merges the media and JioCinema segments of Viacom18 with Star India, creating a major player in Indian entertainment. The merger, effective as of November 14, received approvals from the NCLT Mumbai, the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5006,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[679],"class_list":["post-5005","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-reliance-and-disney"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=5005"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5005\/revisions"}],"predecessor-version":[{"id":5007,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5005\/revisions\/5007"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/5006"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=5005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=5005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=5005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}