The article first appeared in The NewYork Times on February 28, 2024
Mukesh Ambani’s Reliance Industries will control what is left of Disney’s grasp at India’s burgeoning media market.
The Walt Disney Company announced on Wednesday a joint venture with India’s biggest conglomerate, Reliance Industries, in an $8.5 billion deal that will create a media powerhouse in the world’s most populous nation and end Disney’s decades-long solo effort to gain a foothold in the market.