বাংলায় পড়ুন
Reliance Industries of India has forged a strategic alliance with the American entertainment giant, Walt Disney. This collaboration marks a significant milestone in the history of Indian media business, with a staggering deal worth approximately ₹70,472 crore.
The announcement of this commercial partnership came on Wednesday from both entities, signalling a new era of cooperation. Henceforth, television and OTT platforms will synergize their operations in India. Industry insiders note that such a massive collaboration in the entertainment sector is unprecedented, highlighting the magnitude of this venture.
The total value of the Reliance-Disney deal underscores its immense potential. Mukesh Ambani, the chairman of Reliance Industries, holds a commanding 63% stake, while Disney maintains a 37% interest in the venture, solidifying their commitment to mutual success.
In a joint statement, Reliance and Disney revealed plans to introduce innovative initiatives, including the amalgamation of Viacom18 and Star India. Moreover, Neeta Ambani, wife of Mukesh Ambani, and former top executive of Disney, Uday Shankar, are poised to assume key leadership roles in this venture.
Further insights indicate that this collaboration will consolidate various television channels, such as Colors and Star, along with popular OTT platforms like Hotstar and Jio Cinema. This integration not only streamlines content delivery but also positions the joint venture as a formidable competitor to major players like G Entertainment and Netflix.
The business community anticipates that this alliance will catalyse substantial disruption, potentially challenging industry giants like G Entertainment and Netflix. The convergence of resources and expertise between Reliance Industries and Disney sets the stage for dynamic growth and innovation in the Indian media landscape.
