JioCinema & Disney+ Hotstar Merger: The Rise of JioHotstar and Its Impact on India’s Streaming Industry
In a landmark move reshaping India's entertainment landscape, Reliance Industries and The Walt Disney Company have merged their streaming platforms, JioCinema and Disney+ Hotstar, to create a unified service named JioHotstar . This strategic alliance, valued at approximately $8.5 billion, positions JioHotstar as a formidable contender in the nation's burgeoning over-the-top (OTT) market. Merger Details and Ownership Structure Finalized on November 14, 2024, the merger resulted in the formation of a joint venture where Reliance holds a 63.16% stake, and Disney owns the remaining 36.84% angelone.in . This collaboration consolidates their digital assets, including over 120 television channels and two streaming services, under the JioHotstar brand. Nita Ambani serves as the chairperson of the new entity, with media veteran Uday Shankar as vice-chairperson reuters.com . Source:jiohotstar.com Unified Content Library and Subscription Model JioHotstar amalgamates the extensiv...