Walt Disney CEO Bob Iger believes that merging with Reliance Industries will enhance profits and lower risks in India's market. This partnership aims to create a significant media entity, leveraging Reliance's success in India. Iger highlighted the importance of staying in India despite challenges.
The merger, valued at USD 8.5 billion, grants Reliance a 63.16% stake, with Disney holding 36.84%. Disney+ Hotstar faced subscriber declines due to Jio Cinema's sports rights but aims to regain dominance through the merger. Reliance's media assets, including JioStudios and Network 18, further strengthen the venture's position.