The Walt Disney Company is partnering with Asia's richest man, Mukesh Ambani, to create a new media giant in India worth $8.5 billion. The venture aims to reach over 750 million people and recapture viewers lost to Ambani's company. Disney's move in India comes amidst struggles in the U.S., with stagnant subscriber growth for Disney+ and financial troubles.
Key Points
Partnership with Asia's richest man Mukesh Ambani
$8.5 billion joint venture combining digital streaming platforms and TV channels
Effort to recapture lost viewers in India and expand reach
Stagnant subscriber growth for Disney+ in the U.S.
Financial struggles and layoffs at Disney
Pros
Access to a consumer market more than twice the size of the U.S.
Opportunity to recapture lost viewers in India
Expansion of reach in the Indian market
Cons
Stagnant domestic subscriber base for Disney+
Financial troubles and layoffs at Disney
Growing disenchantment with Disney's far-left politics and messaging