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Collaboration between this companies to lead the digital transformation of the media and entertainment industry

Collaboration between this companies to lead the digital transformation of the media and entertainment industry

Posted by TechnoDG on 1 month(s) ago .

Reliance Industries Limited (RIL), Viacom 18 Media Private Limited (Viacom18), and The Walt Disney Company have recently announced a strategic joint venture in India. This collaboration aims to combine their digital streaming and television assets, creating a world-class leader in the entertainment and sports domain.

As part of this venture, Reliance Industries Limited will invest approximately 11,500 crore (approximately US $ 1.4 million) into the joint venture for its growth strategy. The transaction values the joint venture at 70,352 crore (approximately US$ 8.5 billion) on a post-money basis, excluding synergies.

Disney may also contribute additional media assets to the joint venture, subject to regulatory and third-party approvals. The goal is to lead the digital transformation of the media and entertainment industry, offering high quality and comprehensive content anytime, anywhere.

By combing the media expertise, cutting-edge technology, and diverse content libraries of Viacom 18 and Star India, the joint venture will provide appealing domestic and global entertainment content and sports livestreaming services. Additionally, Disney’s acclaimed films and shows will enhance the entertainment experience for Indian audiences and the Indian diaspora globally.

The joint venture will have exclusive rights to distribute Disney films and productions in India, with access to more than 30,000 Disney content assets.

In summary, this strategic collaboration aims to revolutionize the Indian media and entertainment landscape, offering innovative digital experiences to consumers while bringing together the best of content from Viacom 18, Star India, and Disney.

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