According to the report, it was revealed on Monday that Disney is close to a deal with Mukesh Ambani’s Reliance Industries to run its business in India. This streaming platform’s success has greatly impacted the American company’s business.
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Disney star may sell stock in his business, which is worth about $10 billion
Instead of a piecemeal transaction, Disney may sell stock in the Disney star business. That time stoke valued at about $10 billion, Bloomberg reported, citing sources familiar with the matter. The report said Reliance’s assets are valued at between $7 billion and $8 billion. And the deal could be announced as early as next month Disney is likely to have a minority stake in the Indian business.
Disney has not taken any final decision yet
Bloomberg reported that no final decision has been made on the deal or the price and that Star could still decide to take over the property. Star and Reliance did not immediately respond to Reuters requests for comment.
Reliance’s streaming platform JioCinema increases the pressure
Reliance’s streaming platform JioCinema has increased pressure on Disney’s India streaming operations. Ambani marketing his streaming platform by offering free access to the Indian Premier League cricket tournament. The digital rights of which were previously held by Disney.
