Disney’s losses from Reliance JV down to $44 million in June quarter

Mumbai: Walt Disney’s loss from its Indian joint venture with Reliance Industries (RIL) marginally narrowed to $44 million in the quarter ended June 27, from $50 million a year earlier, reflecting a reduction in loss from the entire business.

For nine months ended June 27, Disney reported a $136 million loss from the JV, down from $186 million a year earlier. Disney said an increase in equity income from investees was driven by the reduced loss from India joint venture.