RIL is in talks to acquire a 29.8% stake in Tata Play. The deal would expand RIL’s television distribution business and create India’s largest media and entertainment company.
Reliance Industries, headed by Mukesh Ambani, is allegedly in talks to buy 29.8% of Tata Play, a Walt Disney Company satellite TV and streaming business.
If approved, RIL’s push into television distribution might create a media superpower in India.
The partnership would be the first joint venture between the Tata Group and Reliance, boosting JioCinema’s reach throughout Tata Play, according to the story.
Tata Play lost Rs 105 crore in the fiscal year ending March 31, 2023, on revenue of Rs 4,499 crore.
Disney and Reliance are reaching the completion of their huge stock-and-cash merger negotiations, which will create India’s largest media and entertainment conglomerate.
Viacom18 may own 42–45% of the combined firm, making it the major stakeholder. RIL may invest $1.5 billion in the new company, which Walt Disney will own 40% of.
Conclusion
Reliance Industries is in talks to buy 29.8% of Tata Play, a Walt Disney Company satellite TV and streaming service. This would boost RIL’s television distribution business and make it an Indian media superpower. The partnership would increase JioCinema’s reach as the Tata Group and Reliance’s first joint venture. Disney-Reliance stock-and-cash merger discussions are nearing completion, with Viacom18 having 42-45% of the combined business.
