Although the World Cup 2023 in India was a bumper success for most parties involved and racked in exorbitant amounts of money for the BCCI and the ICC, the Walt Disney Company has reportedly made a loss of $315 million! This latest news has further fuelled the speculations of Reliance Jio and Disney+Hotstar merger this year. The World Cup 2023 was the marquee event for Walt Disney India are Hotstar broadcasted it on digital platforms, and the company had been hoping for the tournament to help them in their times of financial struggles. Is Reliance Jio and Walt Disney + Hotstar going to merge? The Economic Times reported in December that Reliance Jio and Wal Disney + Hotstar have signed a non-binding term sheet, with a 51:49 split in favor of Jio.

Source: Economic Times February 08, 2024 14:55 UTC