The big media merger between Reliance Industries Limited and The Walt Disney Company has created a new joint venture called JioStar. This deal is valued at ₹70,352 crore and is now one of the biggest moves in India’s entertainment industry. Reliance has the controlling stake through its direct holding and via Viacom18, while Disney owns the remaining share.
The impact of this merger is already visible. JioHotstar, the streaming platform under JioStar, reported revenue of ₹31,048 crore and a profit before tax of ₹3,228 crore in FY26. This shows how fast digital entertainment is growing in India. With strong content, sports rights, and wide reach, JioStar is becoming a major player. The company is led by Nita M. Ambani as Chairperson and Uday Shankar as Vice Chairperson.
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Strong Financial Growth of Reliance
Mukesh Ambani-led Reliance Industries continues to perform strongly across its businesses. In FY25, the company reported revenue of ₹1,071,174 crore, which increased to ₹1,175,919 crore in FY26. Its profit also grew well, reaching ₹95,754 crore.
Reliance’s strength comes from its diverse businesses. The Oil-to-Chemicals segment still brings in the most revenue. At the same time, consumer businesses like retail and digital now contribute more than half of the company’s total earnings. Jio Platforms remains a key driver with over 488 million users and strong margins. Reliance Retail is also growing steadily with its online and offline expansion. However, the media business has its own challenges. Reliance had to set aside ₹25,760 crore in FY25 due to expected losses from long-term sports deals, which are expensive but important for growth.
Future Plans and New Business Moves
Reliance is now expanding into new areas to grow further. The company is planning to launch a new consumer electronics brand called Wyzr to compete with global brands in India. It is also entering the bottled water market with Campa Sure, aiming to offer low-cost options and reach more customers.
In addition, Reliance is focusing on green energy. The company plans to become net carbon zero by 2035 and is investing in solar energy projects in Gujarat. To support these large investments, Reliance has raised $2.9 billion through a global loan. Overall, Reliance Industries is growing across multiple sectors, and JioStar is becoming an important part of its future strategy.