Paramount In Talks To Sell Stake In Viacom18 To Disney India Partner Reliance — Bloomberg
Paramount Global could be set for change in the tough Indian media market. A Bloomberg report, citing unnamed sources, claims the MTV and Comedy Central owner is in talks with Reliance Industries to sell its stake in their channels and streaming venture, Viacom18. This would allow Mukesh Ambani, India’s richest man, to consolidate his media assets as his conglom Reliance Industries prepares to form its new merged venture with Disney India. Reliance already majority controls Viacom18, whose JioCinema has be ...