Reliance and Disney team up to crush Netflix and Prime Video in India
At the end of February, as several global celebrities made their way to his son’s pre-wedding celebrations, India’s richest man, Mukesh Ambani, made a move that is likely to win him the country’s streaming market — where U.S. giants Netflix and Prime Video have been fiercely competing for years.
On February 28, Ambani’s conglomerate Reliance Industries and The Walt Disney Company announced a merger of their Indian television and internet streaming assets to form an entity valued at over $8.5 bil...
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