Hotstar, JioCinema beat parent companies’ TV businesses in valuation race

Disney+ Hotstar and JioCinema have seen their valuations surpass those of their parent companies’ traditional television businesses. According to documents reviewed by The Economic Times (ET), EY and BDO have valued Viacom18 at Rs 33,000 crore and Star India at Rs 26,000 crore, respectively.

EY conducted the valuation for Viacom18, a company backed by Reliance Industries Limited (RIL), in preparation for a merger agreement, while BDO was responsible for valuing Star India, which is owned by Walt Disney, the ET report said.