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Disney Sees $300 Million Loss From Reliance JV
Mint Mumbai
|May 08, 2025
Media and entertainment conglomerate Walt Disney Company has projected an equity loss of approximately $300 million for FY25 from its India joint venture with Reliance Industries Ltd, primarily driven by purchase accounting amortization.
The joint venture combined Disney's Star-branded general entertainment and sports channels and its Disney+ Hotstar streaming service with the media assets controlled by Reliance. The Mukesh Ambani-owned firm holds a 56% controlling stake, Disney retains 37%, and an investm
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