Disney (DIS) – India – March 02, 2024
Disney and Reliance have completed their media merger. Disney will own 37% of the combined entity with Viacom18 owning 47% and Reliance 16%. Disney was struggling there. It was bleeding cash and subscribers. Reliance had outbid it for key cricket rights & a lot more. Now they’re teammates. The merger could morph DIS’s India operations from a cash incinerator into an actually positive piece of the business. That nation is highly compelling in terms of its massive and growing population, growing middle class and business-friendly government. This is a much more rational approach to the large opportunity.