Key Points
Paramount Global is reportedly in discussions to sell its media joint venture in India stake to Mukesh Ambanis Reliance Industries..
Last month, Reliance agreed to acquire Disneys India business, creating an $8.5 billion media giant ranging from film and television production to news and sports content...
The merged company will command the lions share of Indias advertising market, affecting traditional broadcasters, Karan Taurani, senior vice president, Elara Securities India Pvt, said in a research note last week.. . Published on: Mar 07, 2024, 8:27 AM IST.
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