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Davanagere: Home Guard saves passenger from being crushed under moving train
Suriya-starrer ‘Kanguva’ mints Rs 58.62 crore in worldwide gross on day one
1951 Rolls Royce ordered by Nehru for Baroda ‘maharani’ becomes flashpoint in marital dispute
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700 kg drugs seized, 8 Iranians caught in anti-narcotics operation along Gujarat coast
Kumaraswamy demands SIT probe into allegation of Rs 50 cr for 50 Cong MLAs
SC seeks reasons for denying maternity leave to woman if adopted child aged above 3-month
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PETA India gifts life-size mechanical elephant to Kerala temple
KL Rahul suffers blow on elbow, management keeps close watch ahead of 1st Test against Australia
No songs promoting drugs, violence at concert: Diljit Dosanjh gets notice from Telangana government
Karnataka Govt announces holiday calendar for 2025
Disney, Reliance to merge India media operations to create Rs 70,000 cr behemoth
PTI, Feb 28, 2024, 7:57 PM IST
Walt Disney Co and Reliance Industries on Wednesday announced signing of binding pacts to merge their media operations in India to create a Rs 70,000 crore behemoth.
Reliance and its affiliates will hold 63.16 per cent in the combined entity while Disney will hold the remaining 36.84 per cent, the companies said in a statement.
Reliance has also agreed to invest around Rs 11,500 crore in the joint venture to grow the OTT business.
Nita Ambani, wife of Reliance Industries chairman Mukesh Ambani, will head the joint venture while Uday Shankar will be the vice chairperson.
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