Mukesh Ambani Welcomes Disney to the Reliance Family, Reveals Plans for World’s Lowest-Cost AI: ‘Beginning of a New Era in Indian Entertainment’
variety.comMukesh Ambani, chair of India’s Reliance Industries Limited (RIL), hailed the landmark partnership with Disney and revealed ambitious AI plans at the company’s annual general meeting on Thursday.
India‘s Competition Commission approved the proposed $8.5 billion merger of key entertainment assets between RIL and The Walt Disney Company in India, subject to voluntary modifications, on Wednesday.
Ambani wasted no time and acted like the merger is now a done deal. He described the Disney deal as “the beginning of a new era in India’s entertainment industry.” “We are combining content creation with digital streaming,” Ambani said, outlining a strategy to “deliver unparalleled content at affordable prices” across the spectrum of consumer tastes. “We are excited about this partnership.
I warmly welcome Disney to the Reliance family,” Ambani said, positioning the expanded media business as a key growth driver for the conglomerate.
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