Disney CEO Bob Iger lauds Reliance merger as advantageous move

March 9, 2024

, By Team SNFYI

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By mridul | March 9, 2024

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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