InvestorQ : Is Reliance planning to expand its media franchise strongly?
rhea Babu made post

Is Reliance planning to expand its media franchise strongly?

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Riya Dwivedi answered.
4 months ago
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Reliance Industries is making an aggressive foray in its media business with a big thrust on broadcasting and digital segments. Viacom18 will raise Rs.12,000 crore from investors to beef up its media business. It has roped in former Star TV honcho, Uday Shankar, as head of business and also James Murdoch as an investor. Reliance will take on Amazon Prime, Netflix and Disney-Hotstar in the OTT war. Viacom18 is a JV between Network18 and Viacom CBS.

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