The merger creates India’s largest media group with annual revenue of $3.1 billion, combining streaming platforms JioCinema and Hotstar with more than 100 television channels. The venture claims over 50 million streaming subscribers and will produce 30,000 hours of television content annually.

Reliance Industries and Disney completed their long-awaited media merger, creating an Indian powerhouse valued at $8.5 billion.

The Ambani-led company has invested Rs 11,500 crore (USD 1.4 billion) for its growth.