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RIL's Viacom18 reshuffles top leadership ahead of Disney India merger

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RIL's Viacom18 reshuffles top leadership ahead of Disney India merger

Mukesh Ambani's Reliance Industries and The Walt Disney Company are merging their media and entertainment assets in India, creating an $8.5 billion joint venture. The merger includes over 100 television channels, two digital streaming platforms, and exclusive rights to major sporting events and Disney productions. The reshuffling of leadership within Viacom18 has accompanied the merger, with plans to streamline operations. Reliance Industries, Viacom18, and Disney will hold significant stakes in the joint venture, which aims to solidify Reliance's position in the Indian market and adjust Disney's strategic approach amid intense competition. The merger may face regulatory scrutiny but could reshape the competitive landscape for OTT platforms in India.

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