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JioCinema’s Business Head Ferzad Palia Soon To Quit

Inc42 · 13d

Ferzad Palia, JioCinema’s business head, is reportedly stepping down after over two decades with Viacom18 Media. He will remain with the organization for a transition period to ensure a smooth handover. JioCinema declined to comment on the matter, but Palia, who joined in 2004, has been instrumental in the platform's growth. This development aligns with the anticipated merger of Reliance Industries’ media assets and Disney India, expected to complete by the end of the third quarter of FY25. The merger will create a joint venture between Viacom18 and Star India, potentially featuring over 100 TV channels and two major OTT platforms: Disney+ Hotstar and JioCinema. Recently, JioCinema reached 1.6 crore paid subscribers by the end of September 2024, driven by affordable plans and recording a 2X quarter-on-quarter growth. This strategic merger is expected to strengthen Reliance’s position in India’s media and entertainment sector.