Exclusive BT Magazine interview with Uday Shankar, Vice President, Reliance-Disney Media JV

Reliance Industries Limited, Viacom 18 Media Private Limited and The Walt Disney Company have announced that, subject to approval by the NCLT Mumbai, the Competition Commission of India and other regulatory authorities, the merger of Viacom18’s media business and JioCinema business into Star India Private Limited has become effective (the “JV “). In addition, RIL has invested ₹11,500 crore in the JV for its development. The JV allocated shares in Viacom18 and RIL as consideration for assets and cash respectively. The transaction values ​​the JV at Rs 70,352 crore on a post-cash basis excluding synergies. At the time of closing of the above transactions, the JV is controlled by RIL and owned 16.34% by RIL, 46.82% by Viacom18 and 36.84% by Disney. Nita Ambani will be the chairman of the joint venture and Uday Shankar will be the deputy chairman of the joint venture. Watch BT Magazine’s exclusive interview with Uday Shankar, Vice President, Reliance-Disney Media JV, in conversation with Siddharth Zarabi, Editor, Business Today, and Krishna Gopalan, Executive Editor, Business Today.