Disney Preparing to close business from India, Adani and Ambani in race to buy

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Adani and Ambani in race to buy Disney

American firm Walt Disney Company is in preliminary talks with Adani Group to sell its Indian streaming and television business. There are other buyers, including Kalanithi Maran, in the race to buy this business. At the same time, senior Walt Disney officials have also anticipated the interest of private equity funds in selling the Indian business. Let us tell you that Walt Disney’s asset sale talks have already taken place with Mukesh Ambani-controlled Reliance Industries.

Walt Disney

Looking for multiple options

According to a Bloomberg report, the Walt Disney Company is exploring several options to sell its Indian business. The company could include selling part of the Indian operations or combining the entity’s assets, including sports rights and regional streaming service Disney Hotstar. Bloomberg News reported in July that Disney was considering strategic options for its business in India, including an outright sale or setting up a joint venture.

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Who told what?

Disney representatives in India declined to comment on the latest report. At the same time, Sun TV Network Group CFO SL Narayanan said that we do not comment on market rumors or speculations. An Adani spokesperson also said he would not comment on market speculation.

Let us tell you that Disney Star is struggling with the decline in the number of subscribers after losing the streaming rights of the Indian Premier League. However, the group has not given up the entire cricket business, securing television rights till the year 2027. Last year, Disney Star had agreed to license the TV rights of ICC men’s matches to ZEE Entertainment Enterprises Ltd for four years but Disney Hotstar retained the digital rights.


FAQ – Walt Disney’s Indian Streaming and TV Business Sale

Q1: What is the latest development regarding Walt Disney’s Indian business operations?
A: Walt Disney Company is currently engaged in preliminary discussions with the Adani Group regarding the potential sale of its Indian streaming and television business.

Q2: Are there any other parties interested in acquiring Disney’s Indian business?
A: Yes, apart from the Adani Group, there are reports of other potential buyers, including Kalanithi Maran, showing interest in acquiring Disney’s Indian business.

Q3: Is there any mention of private equity funds being involved in the sale of Disney’s Indian business?
A: Yes, senior Walt Disney officials have hinted at the possibility of private equity funds expressing interest in purchasing the Indian business.

Q4: Have there been previous discussions about selling Disney’s Indian business with other entities?
A: Yes, there have been previous discussions about asset sales with Mukesh Ambani-controlled Reliance Industries.

Q5: What strategic options is Walt Disney considering for its Indian business, according to a Bloomberg report?
A: Walt Disney is exploring several options, including selling part of its Indian operations or combining assets, which may include sports rights and Disney Hotstar, a regional streaming service.

Q6: Has Disney officially confirmed these reports or provided comments on them?
A: Disney representatives in India have declined to comment on the latest reports.

Q7: What is the response from Sun TV Network Group regarding these reports?
A: Sun TV Network Group CFO SL Narayanan stated that they do not comment on market rumors or speculations.

Q8: Is there any official statement from the Adani Group regarding these speculations?
A: An Adani spokesperson also declined to comment on market speculation.

Q9: Why is Disney’s Indian streaming service, Disney+ Hotstar, facing challenges?
A: Disney+ Hotstar has been grappling with a decline in subscribers after losing streaming rights to the Indian Premier League (IPL).

Q10: Has Disney completely exited the cricket business in India?
A: No, Disney still holds television rights for cricket in India until the year 2027.

Q11: What was the outcome of Disney’s agreement with ZEE Entertainment Enterprises Ltd regarding ICC men’s matches TV rights?
A: Last year, Disney Star agreed to license the TV rights of ICC men’s matches to ZEE Entertainment Enterprises Ltd for four years, but Disney Hotstar retained the digital rights.

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