THE country's largest media house – the ₹70,352-crore joint venture between Reliance's Viacom18 and the Walt Disney's local arm Star India – is ready to roll with all the regulatory approvals in place, the companies said in a joint statement issued from Mumbai and Burbank, California, Thursday.
The statement said on a post-money basis, the valuation will be over ₹70,000 crore, excluding synergies, which had a combined revenue of ₹26,000 crore in fiscal 2024. The JV operates over 100 channels and produces over 30,000 hours of broadcast entertainment content annually, while digital platforms JioCinema and Hotstar have an aggregate subscription base of over 50 million. The JV holds a portfolio of sports rights across cricket, football and other sports.
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