RIL, Viacom18 and Disney complete merger to create a Rs 70,352 cr JV

Reliance Industries Limited (RIL), Viacom18 Media (Viacom18), and The Walt Disney Company announced on Thursday that they have completed the merger of Viacom18’s media and JioCinema businesses into Star India (SIPL), creating a mega joint venture valued at Rs 70,352 crore.

The new entity will be guided by three chief executive officers (CEOs), “who will lead the company into a new era of ambition and disruption”, according to a joint statement.