We believe we are on the cusp of something extraordinary: Kiran Mani

JioStar’s CEO of digital operations Kiran Mani, in a LinkedIn post, has said the collective ambition is to create a thriving, innovative ecosystem that delivers new value to consumers & stakeholders

by e4m Staff
Published: Nov 15, 2024 6:14 PM | 2 min read

Reliance Industries Limited, Viacom18 Media, and The Walt Disney Company have finalized a joint venture named JioStar, aimed at transforming India's media and entertainment industry.
Kiran Mani, CEO of digital operations, announced JioStar's vision to create a more inclusive, accessible, and interactive media landscape across various platforms.
The joint venture includes the merger of Disney and Reliance's media operations, with an investment of Rs 11,500 crore (approximately US$ 1.4 billion) from Reliance for growth.
The collaboration seeks to foster partnerships with various stakeholders, including telecom providers, content creators, and technology companies, to enhance value for consumers and the industry.

A day after the Reliance Industries Limited, Viacom18 Media and The Walt Disney Company finalised the much-anticipated creation of their joint venture (JV), Kiran Mani, the CEO of digital operations took to his LinkedIn handle to introduce JioStar and share its vision.

“A New Star is born – JioStar. Today marks a defining moment in the evolution of India’s media & entertainment industry as we unite two iconic brands—Viacom18 and Disney Star. We are excited to introduce JioStar, with a vision to reshape the media & entertainment landscape - making it more inclusive, accessible and interactive accessible across every platform,” wrote Mani.

“This journey is not about what we build, but how we build it. We are committed to doing so in close partnership with a broad ecosystem of collaborators—telecom providers, cable operators, content creators, Mobile and TV manufacturers, technology companies, advertisers, agencies, the payment ecosystem and more. Our collective ambition is to create a thriving, innovative ecosystem that delivers new value to consumers and stakeholders alike.

We believe we are on the cusp of something extraordinary. And we look forward to bring that to life - for the Indian consumer and the industry!”

On November 14, Reliance Industries Limited (RIL), Viacom18 Media and The Walt Disney Company finalised a joint venture (JV) that marks a major turning point in India's media and entertainment industry.merger of the The $8.5 billion merger of Disney and Reliance Industries was completed media and JioCinema businesses of Viacom18 into Star India Private Limited (“SIPL”) has become effective (the “JV”). In addition, RIL has invested Rs 11,500 crore (US$ 1.4 billion) into the JV JioStar for its growth.