We have created one of the top entertainment entities in India: Bob Iger on JioStar
'This is an exciting moment for our two companies, as well as for India’s consumers,' said Disney CEO Bob Iger on JV with RIL
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Published: Nov 15, 2024 9:08 AM | 1 min read
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With the much-awaited merger between Reliance Industries’ Viacom18 and Disney’s Star India coming to fruition, India's media landscape will witness a sea change in the coming years.
The newly formed joint venture will be called JioStar is expected to herald a new era in India’s entertainment industry.
On the occasion, Bob Iger expressed his excitement for the newly formed entity JioStar: “This is an exciting moment for our two companies, as well as for India’s consumers, as we create one of the top entertainment entities in the country through this joint venture. By joining forces with Reliance, we are able to expand our presence in this important media market and deliver viewers an even more robust portfolio of entertainment, sports content, and digital services.”
The JV will be one of the largest Media & Entertainment companies in India with pro forma combined revenue of approximately Rs 26,000 crore (US$ 3.1 billion) for the fiscal year ended in March 2024. The JV operates over 100 TV channels and produces 30,000+ hours of TV entertainment content annually. The JioCinema and Hotstar digital platforms have an aggregate subscription base of over 50 million. The JV holds a portfolio of sports rights across cricket, football and other sports.
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