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India’s entertainment landscape shifted Thursday as Reliance Industries and Disney completed their long-awaited media merger, creating an Indian powerhouse valued at $8.5 billion. The deal ...
The entertainment division will be led by Kevin Vaz, who is currently the top boss at Reliance's Viacom 18 Media. Reliance, Walt Disney close $8.5 billion merger of Indian media assets Skip to ...
Reliance Industries will own 16.3% of the merged entity, Viacom18 will own 46.8% and Disney 36.8%. The Reliance duo will invest $1.4 billion into the joint venture and Nita Ambani will serve as ...
Reliance Commercial Corporation was founded by Dhirubhai Ambani in 1966 as a polyester firm. It was renamed to Reliance Industries on 8 May 1973. Reliance later entered into financial services, petroleum refining, and power sector. By 2002, Reliance had grown into a U$15 billion conglomerate. After the death of Dhirubhai Ambani on 6 July 2002 ...
In July 2024, Reliance Industries was granted the approval by United States to resume importing oil from Venezuela. [59] The company had more than 200 subsidiary companies and more than 15 associate companies as of 2024. [60] [61]
Reliance Retail was established in 2006 as a wholly-owned subsidiary of Reliance Industries, with chairman Mukesh Ambani announcing an investment of up to ₹ 25,000 crore (US$5.52 billion) for the new venture at Reliance's 32nd annual general meeting in June 2006. [8]
November 14, 2024 at 9:57 AM (Reuters) - Reliance Industries and Walt Disney on Thursday completed the $8.5 billion merger of their Indian media assets, which have been split into three divisions ...
Four years later the two companies were merged into Reliance BIG Pictures in 2009, and the company's name was changed to Reliance Entertainment the following year. [ citation needed ] The key content initiatives are across movies, music, sports, gaming, Internet & mobile portals, leading to direct opportunities in delivery across the emerging ...