Network18 Media & Investments Limited — Updates, 14-11-2024: Press Release

Reliance Industries Limited (RIL), Viacom18, and The Walt Disney Company have concluded their joint venture to combine Viacom18’s media operations and JioCinema into Star India Private Limited (SIPL). RIL has infused ₹11,500 crore into the joint venture, which values it at approximately ₹70,352 crore. The ownership structure post-transaction sees RIL holding 16.34%, Viacom18 46.82%, and Disney 36.84%. This joint venture aims to transform India’s digital streaming landscape and expand its reach in traditional TV via a robust portfolio that includes over 100 channels and a combined revenue of about ₹26,000 crore for FY 2024.

Nita M. Ambani has been appointed Chairperson, with Uday Shankar as Vice Chairperson. The JV is expected to leverage the popular brands under both companies, aiming to provide diverse content across various platforms. The completion of this deal positions the JV as a major player in the Indian media and entertainment sector, presenting potential growth opportunities for investors as they look to capitalize on evolving consumer preferences and an integrated media ecosystem.