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A major shake-up in the Indian media landscape is set to occur later this week with a formal announcement.
The CommunicationsToday today carried a report on the development.
On the other side, Gurjeev Kapoor, Head of Distribution and International Markets at Disney Star, has likely decided to leave the company to pursue entrepreneurial ambitions in the entertainment sector. Kapoor’s departure comes as the $8.5 billion merger between Reliance and Disney’s Indian assets nears finalization, sources close to the development informed ET Online.
The merger, which has been in the works for some time, is expected to create a formidable media entity in the country, consolidating the strengths of both brands in television, digital streaming, and broadcasting.
Viacom18, known for its vast portfolio of entertainment channels and streaming services, will join forces with Star India, a powerhouse in the television and OTT space.
