Reliance, Disney complete India media merger valued at $8.5 billion

Reliance and Disney have completed their landmark Indian media merger, creating an $8.5 billion entertainment behemoth that will dominate the country’s streaming and television markets.The deal, proposed in February, brings together Disney’s Star India with Reliance-controlled Viacom18 under a joint venture that will control about 85% of India’s streaming market and roughly half of television viewership in the world’s most populous nation, according to analysts. Reliance, controlled by Asia’s richest man ...