Disney+ Hotstar Is Reportedly Being Taken Over By Reliance
Author: Subharthi | Date: October 24, 2023 | Time: 3 pm
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As per the latest reports, Disney is about the close a deal with Mukesh Ambani’s Reliance Group by selling a major controlling stake.
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The deal could include a major part of the Disney+Hotstar OTT platform, along with TV channels like Star Sports and Star Gold.
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However, Bloomberg says that Disney now wants to sell a controlling stake, rather than selling the Indian division as a whole.
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The biggest hurdle in the deal is its valuation. Disney is demanding $10 billion for Hotstar and Star India, but Reliance Industries is valuing the deal between $7-8 billion.
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If the deal between Reliance and Disney goes through, Reliance Industries could soon become the single biggest player to stream cricket in the country.
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