Disney Said to Near Multibillion-Dollar Deal With Reliance

Disney Said to Near Multibillion-Dollar Deal With Reliance

Reliance Industries, controlled by Asia’s richest tycoon Mukesh Ambani, is nearing a cash and stock deal to buy Walt Disney’s India operations, according to people familiar with the matter. The US entertainment giant may sell a controlling stake in the Disney Star business, which it values at around $10 billion (nearly Rs. 83,100 crore), as …

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Disney, Netflix, Media Firms Rake in Profit Amid SAG, WGA Hollywood Strikes

Disney, Netflix, Media Firms Rake in Profit Amid SAG, WGA Hollywood Strikes

Media conglomerates are experiencing robust profits despite ongoing strikes by Hollywood writers and actors. While industry executives express their desire for a prompt return of their workers, they are currently benefitting from the work stoppages in the short term: no production equals no expenses. Netflix set the tone for earnings season last month, revealing that …

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