Reliance Industries-Disney announced joint venture in their Entertainment portfolio

Reliance Industries Limited (RIL), Viacom 18 Media Pvt. Ltd. (Viacom18) & the Walt Disney Co. (Disney) have entered into an agreement to form a joint-venture (JV) to combine the business of Viacom18 & Star India Pvt. Ltd. (SIPL). As a part of this JV, RIL will invest ₹11,500 crore & Disney will provide Content License. Creation of this JV will consolidate the leading TV & digital streaming platforms for entertainment and sports content in India with RIL will hold 16.34%, Viacom18 – 46.82% , whereas Disney will have 36.84% of the JV.