Disney could take its status as an entertainment giant to a whole new level with a possible merger with Reliance Industries.

The Walt Disney Company has been at the forefront of entertainment—be that with cinema and television, theme parks, or otherwise—over the last 100 years. Through its various ups and downs, the company has undoubtedly established itself to be a trendsetter and entertainment behemoth with astute business strategy and good leadership (think Michael Eisner, and despite current controversies, current Disney CEO Bob Iger).

Something that has always defined Disney is its ability to sustain, and in an effort to solidify its presence in one of the world’s most challenging markets, the company might be entering a merger that will solidify its entertainment empire globally.

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Disney In Talks with Reliance Industries for Potential Merger

As reported by Reuters, Reliance Industries Ltd. (owned by businessman and billionaire Mukesh Ambani) and the Walt Disney Co. have been in talks to negotiate a deal to merge their two entertainment operations in India. Reuters did report that the companies have not yet reached any broad agreements, structures, or valuations in this regard.

A source familiar with the matter also shared that this possible joint venture between the companies could see the Mukesh Ambani-led Reliance Industries “acquiring a majority stake.”

This is the annual salary of Reliance Industries chairman #MukeshAmbani https://t.co/NPpqhsUJQj

— GQ India (@gqindia) December 14, 2023

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At present, the source reported that the companies are disagreeing over the valuations of each entertainment empire; i.e., both Disney and Reliance feel their empire should be valued more highly.

The source shared, “Disney has expressed interest and Reliance is keen only if there’s a controlling stake. There is no broad agreement right now.” The source also added that any potential deal closure was unlikely to see the light of day anytime soon.

Reuters also noted that this report from their source conflicted with an Economic Times report published earlier that claimed the companies had reached a non-binding term sheet to merge their India operations, with Reliance holding a 51% stake.

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Indian billionaire Mukesh Ambani’s Reliance Industries Ltd. has a massive entertainment empire to its name with Reliance’s Viacom18 and the JioCinema streaming app. The company was previously up against Disney when it won the streaming rights to the Indian Premier League cricket tournament. Disney India previously held the rights to this sporting event.