Disney Star, now JioStar India Private Limited (and formerly Star India), is an Indian media conglomerate joint venture between Disney India, Reliance Industries and the latters subsidiary Viacom18. On 14 November 2024, Viacom18 merged its assets with Disney India's subsidiary Disney Star to form JioStar. The deal, valued at $8.5 billion, involved the investment of ₹11,000 crore (US$1.3 billion) by Reliance Industries, which left Reliance Industries with a total stake of 63.16%, 16.34% directly and 46.82 percent through Viacom18, with Disney India contolling the remaining 36.84%. It is the largest television and entertainment network in India, operating more than 100 TV channels and a major streaming platform called JioHotstar.
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Disney Star in the context of Acquisition of 21st Century Fox by Disney
The acquisition of 21st Century Fox by The Walt Disney Company was announced on December 14, 2017, and was completed on March 20, 2019. Among other key assets, the acquisition included the 20th Century Fox film and television studios, U.S. cable channels such as FX, Fox Networks Group, a 73% stake in National Geographic Partners, Indian television broadcaster Star India, and a 30% stake in Hulu. Most remaining assets (including the Fox Broadcasting Company, Fox Television Stations, Fox News Channel, Fox Business, Fox Sports 1 and 2, Fox Deportes, and the Big Ten Network), which were excluded from the deal, were spun off into a new company called Fox Corporation on March 19, 2019 (a day before the acquisition was completed). Other 21st Century Fox assets such as the Fox Sports Networks and Sky were divested and sold off to Sinclair and Comcast, respectively.