Disney India
Reliance and Disney have agreed to enter into a joint venture worth $8 billion. Collectively, this joint venture would be the largest media entity in India, with 120 TV channels and two streaming platforms, along with TV and digital rights for key cricket tournaments in the country.
The Reliance Disney Juggernaut itself is valued at $8.5 billion. Out of this, Reliance would hold 16.34%, Viacom18, a Reliance entity, would hold 46.82%, and the rest, 36.84%, would be held by Disney, whose value is around $3 billion.
Before the joint venture, Disney India was valued at $15 billion. That means Disney India’s valuation has fallen to 1/5th of its previous valuation in less than 5 years. We don’t know officially, but it seems like Disney is exiting from India. The global unit is facing winds, and they probably might want to focus on the US and other key markets.
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