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Viacom 18 set to acquire 60% of Disney India's business
source link: https://nextbigwhat.com/viacom-18-set-to-acquire-60-of-disney-indias-business/
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Viacom 18 set to acquire 60% of Disney India’s business
- Disney India is in preliminary talks to sell 60% of its business to Viacom 18, a subsidiary of Reliance Industries Limited.
- Post-merger, Viacom 18 is expected to create a subsidiary to absorb Star India and has begun anti-trust due diligence.
- The merger signifies the contraction of the online streaming market in India, following Disney+Hotstar’s loss of streaming rights for the IPL and HBO content to JioCinema.
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