Jio 
Reliance Industries 
Viacom 18 
Giant gasoline-to-entertainment conglomerate Reliance Industries Limited has struck a powerhouse pair of corporate deals with Eros International, India’s leading film distribution and production finance group.Reliance Industries is buying a 5% stake in New York Stock Exchange-listed Eros and will pay $15 per share. That implies a cost of $36.2 million. In early trading Tuesday, Eros shares rose 13% to $14.45, making for a market capitalization of $897 million.Separately, Reliance Industries is to set up a jointly controlled production and acquisition...
Reliance Industries
Mukesh
Ambani
Chairman / Managing Director
India saw its digital space explode with the launch of Ambani’s low-cost Jio in 2016, now with 331 million mobile subscribers and selling data for as little as 5 cents per GB. This — and galloping growth in smartphones — has facilitated the mega-reach of global OTT players Netflix, Amazon Prime and local stalwarts Alt Balaji and Eros Now (Ambani has stakes in both), Disney’s Hotstar, Sony Liv and MX Player. Jio’s investment in the sector is some $40 billion. Next comes the disruption of broadband, with Jio GigaFiber offering 1 GB-per-second speeds and 600 TV channels from $9 monthly. Ambani has a majority stake in Viacom 18, which controls the Indian versions of MTV, VH1, Nickelodeon and Comedy Central and operates OTT platform Voot.
