iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

RIL inks pact with Disney to merge Viacom18 and Star India

26 Mar 2024 , 03:17 PM

Reliance Industries and Disney have inked a definitive agreement to create a joint venture that would integrate the activities of Viacom 18 and Star India. The months-long negotiations will result in a media juggernaut with operations in TV broadcasting, streaming, films, and sports.

As part of the acquisition, RIL has pledged to spend around ₹11,500 Crore ($1.4 billion) in the JV to support its expansion goal.

The joint venture is valued at ₹70,352 Crore ($8.5 billion) post-money, excluding synergies. Following the merger, RIL will control the joint venture with a 16.34% share.

Meanwhile, Viacom18 will hold 46.82%, with Disney owning around 36.84%.

Nita Ambani is set to lead the Joint Venture as Chairperson, while Uday Shankar will assume the role of Vice Chairperson, providing strategic guidance to the JV. The projected Star-Viacom18 merger will be a major power in the television broadcasting sector, with over 100 channels including Star Plus, Colours, and Star Sports.

The company will also operate two streaming platforms, Disney+ Hotstar and JioCinema, with dominating market shares in the subscription and advertising video-on-demand markets.

'This is a historic accord that ushers in a new era for the Indian entertainment sector. We have always regarded Disney as the best media group in the world, and we are thrilled to form this strategic joint venture that will allow us to pool our extensive resources, creative prowess, and market insights to deliver unparalleled content at affordable prices to audiences across the country,' said Mukesh Ambani, Chairman and Managing Director of RIL.

The JV will also be awarded exclusive distribution rights to Disney films and projects in India, as well as a licence to over 30,000 Disney intellectual assets, providing the Indian consumer with a comprehensive range of entertainment alternatives.

The deal is subject to regulatory, shareholder, and other customary clearances and is scheduled to close in the fourth quarter of calendar year 2024 or the first quarter of calendar year 2025.

For feedback and suggestions, write to us at editorial@iifl.com


Related Tags

  • Disney
  • Reliance Industries
  • RIL
  • Star India
  • VIACOM18
sidebar mobile


Read More
Knowledge Centerplus

Logo IIFL Customer Care Number
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

Knowledge Centerplus

Follow us on


2024, IIFL Securities Ltd. All Rights Reserved

  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.