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International Business Times
International Business Times
Business
AFP News

Disney And India's Reliance Agree Merger: Bloomberg

Disney Reliance India Mukesh Ambani Entertainment Anant Ambani Reliance Industries Robert Iger
Reliance Industries chief Mukesh Ambani (L) poses with Radhika Merchant (C) and his son Anant Ambani (R) in Mumbai in 2023 (Credit: AFP)

India's Reliance Industries has signed a "binding pact" for a merger deal with Walt Disney's local unit, Bloomberg News reported Monday, a major shakeup for the country's multi-billion dollar entertainment industry.

India's entertainment market is already one of the world's biggest, with the expected merger set to create a vast and powerful entertainment giant.

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