Disney projects $300 mn equity loss in FY25 from India JV with Reliance
Media and entertainment conglomerate Walt Disney Company has projected an equity loss of approximately $300 million for FY25 from its India joint venture with Reliance Industries Ltd, primarily driven by purchase accounting amortization. The joint venture, formalized on 14 November 2024, combined Disney’s Star-branded general entertainment and sports channels and its Disney+ Hotstar streaming service…