RIL shares rise 2% on merger of India entertainment biz with Disney
The Reliance-Viacom18-Disney deal will add ₹40 per share to RIL’s sum-of-the-parts valuation (SOTP), says Jefferies.
The Reliance-Viacom18-Disney deal will add ₹40 per share to RIL’s sum-of-the-parts valuation (SOTP), says Jefferies.
Reliance and Disney to merge their media operations in India and Mukesh Ambani-led conglomerate is likely to hold a 61% stake in the merged entity, as per a report.
Reliance Industries shares gained 3% to hit a fresh all-time high of ₹2,937.80 today, while market capitalisation touched record high of ₹19.86 lakh crore mark.
The bulk of employee rationalisation is likely to happen in corporate functions
The OTT player, which launched Hotstar Specials on Monday, says it will focus on good content and tech innovations to tackle competition.
Lionsgate films is seeking a share in a lucrative Indian media and entertainment industry set to grow at a compounded annual growth rate (CAGR) of 14% to touch Rs2.41 trillion by 2021,
But now India needs to develop its distinct style of animation.