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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Disney CEO Bob Iger lauds Reliance merger as advantageous move

March 9, 2024

, By Team SNFYI

Artificial Intelligence

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.

Follow Startup Story

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Women in AI: Sandra Watcher, professor of data ethics at Oxford

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New Competition Law To Bring Techs In India Under Its Ambit

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