Disney plans $8.5bn merger for ailing India unit

Disney has announced plans to merge its struggling India unit with a local entertainment conglomerate in a deal worth $8.5 billion. The move is seen as a bid to boost the company’s presence in the rapidly growing Indian market.

The merger is expected to give Disney access to a wide range of popular Indian content, as well as strengthen its distribution networks in the region. The company hopes that this will help it compete more effectively with local rivals such as Netflix and Amazon Prime Video, who have been aggressively expanding their presence in the Indian market.

Despite facing challenges in recent years, including a slowing economy and increased competition, India remains a key growth market for Disney. The company is optimistic that the merger will help it tap into the country’s vast pool of talent and creativity, and position it for long-term success in the region.