Viacom18-Star/Disney merger complete; Nita Ambani to lead Rs 70K-crore JV

The country’s largest media house – a Rs 70,352 crore joint venture between Reliance’s Viacom18 and Walt Disney’s local arm, Star India – is ready to launch.

All regulatory approvals are in place, the companies announced in a joint statement issued from Mumbai and Burbank, California, on Thursday.

The statement said the over Rs 70,000 crore valuation is on a post-money basis and excludes synergies and had a combined revenue of Rs 26,000 crore in fiscal 2024.