Disney CEO Bob Iger hails India merger with Reliance as ideal.
Bob Iger expresses satisfaction with the merger deal with Reliance.
The $8.5 billion Indian media merger is termed as advantageous. Iger sees the deal as beneficial for Disney’s profits and risk reduction.
“The transaction allows Disney to own part of a bigger media company,” Iger states. The deal combines Viacom18 and Star India businesses into one.
Reliance plans to invest Rs 11,500 crore for the growth strategy. Disney’s streaming platform, Disney+ Hotstar, struggled with subscriber decline.
Iger aims to make Disney’s streaming business profitable by FY2024.
Disney plans to invest $1.5 billion in Epic Games for expansion.
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