According to the latest information, Disney has signed a major partnership agreement specifically for India with Indian billionaire Mukesh Ambani’s Reliance Industries company. As a result of this agreement, a giant media company worth 8.5 billion is expected to emerge.
It is thought that the new company will have complete dominance in many media branches in the country, thus further strengthening Disney’s leadership position in the region. This news, which hit the agenda like a bombshell, shows that it will add value to the value of the company that affects a country with a large population like India. Here are all the details…
Disney signs partnership agreement for India
According to the agreement, it was announced that 63 percent of the partnership would be given to Reliance Industries, and the remaining 37% would be owned by Disney. Additionally, if the American company receives approval from Indian judicial authorities, it may further increase its investments in this partnership.
It is said that the new company will become the largest media organization in the country by offering more than 30 thousand licensed Disney content. With this latest move, Reliance Industries will leave Sony behind and become the most dominant domestic publisher in Asia. Due to multiculturalism in India, speaking many different languages poses a significant challenge, especially for American companies such as Amazon and Disney.
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Therefore, it was described as a very smart move for Disney to establish such a partnership with a local company that knows the culture and traditions of the country well. Of course, we can say that this agreement means bad news for other publishers doing business in the Asian region. At the end of the day, we hope all these developments benefit users.
So what do you think about this issue? Do you think Disney’s strategy is correct? You can easily share your answers with us in the comments section below. Your opinions are very valuable to us.