Purpose is to provide entertainment & enrich the power of ideas: Mukesh Ambani

At the recent AGM, Ambani said that RIL has already created a large portfolio of media and digital properties, which are as widespread as they are valuable

e4m by exchange4media Staff
Updated: Jul 5, 2018 3:30 PM

Reliance Industries Limited Chairman and Managing Director, Mukesh D Ambani today at the 41st Annual General Meeting (Post-IPO) of the company in Mumbai said that the media and entertainment platform from RIL has already created a large portfolio of media and digital properties, which are as widespread as they are valuable.

In the AGM, Ambani said, “We have the largest portfolio of TV Channels in India - 69 Channels across News and Entertainment. We have India's largest TV News Platform in News18 that is multilingual providing independent and reliable news.”

He also mentioned that they have India's largest entertainment platform which spans all major regional languages. “We are consistently ranked amongst the top players in each of our segments. We are the partner of choice for leading global brands like CNBC, CNN, Forbes, History, MTV and Nickelodeon,” he added.

Talking about the digital properties like MyJio, JioTV, JioCinema, JioMusic, BookMyShow, FirstPost and MoneyControl, they are all leaders in their category with significant embedded value. “We have a leading market share in television broadcasting, movie production and distribution, digital content and commerce, print magazines, mobile content and allied media services businesses. One in every two Indians consume Network18's content,” he shared.

He also said that one in every five internet users in India is on Network18 websites or apps. “Regional content and digital delivery continue to be the focus of Network18, which will drive its future growth. The media and entertainment platform with a viewership in excess of 700 million enables us to achieve a very special societal purpose.”

He concluded, “Our purpose is two-fold: to provide wholesome entertainment and to enrich the power of Ideas that can make India a great nation.”

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