Robert A Iger will take over as the chief executive officer of the Walt Dsney company with effect from September 30, 2005.
Reliance Industries Limited (RIL), Viacom18 Media (Viacom18), and The Walt Disney Company announced on Thursday that they have completed the merger of Viacom18's media and JioCinema businesses into Star India (SIPL), creating a mega joint venture valued at Rs 70,352 crore. The new entity will be guided by three chief executive officers (CEOs), "who will lead the company into a new era of ambition and disruption", according to a joint statement. Kevin Vaz will lead the entertainment division across all platforms, Kiran Mani will head the combined digital division, and Sanjog Gupta will oversee the sports operations.
Billionaire Mukesh Ambani-led Reliance Industries has completed the merger of its media assets with the India business of global media house Walt Disney and formed a joint venture with a valuation of over Rs 70,000 crore. The JV will be one of the largest media and entertainment companies in India with a combined revenue of approximately Rs 26,000 crore and will be led by Nita Ambani as its chairperson, according to a joint statement.
The CEOs have been discussing a collaboration for some time, according to two people with knowledge of the situation.
Disney+ Hotstar reported its biggest decline in paid subscribers to date - a fall of 3.8 million subscribers, or 6 per cent of its total - in the October-December period. The drop in numbers came after two warnings by the company that Hotstar's paid subscriber base would shrink as it didn't have streaming rights for the Indian Premier League (IPL) for the 2023-27 media cycle. The IPL would start on April 1 this year and continue till May 28.
Walt Disney Co and Reliance Industries on Wednesday announced signing of binding pacts to merge their media operations in India to create a Rs 70,000 crore behemoth. Reliance and its affiliates will hold 63.16 per cent in the combined entity while Disney will hold the remaining 36.84 per cent, the companies said in a statement.
George Clooney's day out with his wife!
Now, high profile media barons have an India visit in their itinerary. Four months after the launch of two Disney channels in India, Walt Disney's CEO Michael D Eisner plans to visit India next week along with his successor, Robert A Iger.
Fox shareholders will receive 0.2745 Disney shares for each share held.
How media and gadget companies are trying to get along
Walt Disney CEO Michael Eisner, who is in India on an official visit, on Tuesday met Prime Minister Manmohan Singh.
As concern mounts about the thinning of tiger populations around the world, here are two very different types of books that deal with the magnificent animal.
Chanda Kochhar is among the three Indians in Time's Most Influential list.
20 CEOs are from the companies based in US.
The list was topped by Oracle's Larry Ellison last year.
Guess who else features on the Variety500 list?
8 CEOs on the list are female, and they far outpace the median pay for the Equilar 100 as a whole
Fewer than half of Americans plan to go to sports events, concerts, movies and amusement parks when they reopen to the public until there is a proven coronavirus vaccine. That includes those who have attended such events in the past, an ominous sign for the sports and entertainment industries hoping to return to the spotlight after being shut down by the pandemic.
Terming Rajan as "India's prescient banker," Time said he is among a rare breed of "economic seers".
Issues related with intellectual property rights, including piracy of films and software, figured prominently during the India-US CEO Forum in New Delhi attended by Prime Minister Narendra Modi and US President Barack Obama.
These include Microsoft's Satya Nadella, Mastercard CEO Ajay Banga, and Harman International Chairman Dinesh Paliwal.
Start-ups have their own sub-cultures their language and ways of working.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances