Reliance Industries, Viacom18 and Disney complete merger: 100-plus channels, 3 CEOs and 5 other biggest highlights of Rs 70,000 crore business

India’s largest merger and acquisition deal in the media and entertainment (M&E) sector has concluded, with the merger of Viacom18’s TV and digital businesses into Star India securing all necessary regulatory approvals in India and abroad. In February, Reliance Industries (RIL), Viacom18 Media and The Walt Disney Company had signed an agreement to combine Viacom18 and Star India’s assets to create India’s largest M&E company, forming a powerful joint venture valued at over Rs 70,000 crore. This new entity is poised to become India’s largest media and entertainment company, generating an estimated annual revenue of Rs 26,000 crore.