Reliance Completes Merger of Star Television Productions with Jiostar

Reliance Industries has completed the merger of Star Television Productions with Jiostar, a joint venture created after the merger of Reliance's media business and Disney's India business. The combined company, valued at $8.5 billion, is India's leading media and entertainment platform, with revenues of Rs 7,232 crore in Q3 and a profit of Rs 1,322 crore. The merger involves the transfer of the STAR brand and licensing rights to Jiostar.