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
Ambani, brother to Anil of Reliance Group, has been chairman and managing director of the Reliance Industries conglomerate since 2002. The corporation’s $37 billion investment in data, mobile, WiFi and DTH outfit Jio is a big deal in digital entertainment, the fastest-growing segment of Indian media. The country had been poorly connected, and Jio changed that, grabbing 200 million subscribers with low-cost, high-speed data since launching in 2016. With a captive subscriber base, the company is now entering the content-creation space and may be competing for eyeballs with 21st Century Fox’s Hotstar, India’s market leader in OTT. In 2014, Ambani took a majority stake in Viacom 18, which controls Indian versions of MTV, VH1, Nickelodeon and Comedy Central.
