Merger of Star TV Productions with Jiostar in India complete
What's the story
Reliance Industries has announced the successful merger of its subsidiary, Star Television Productions Ltd (STPL), with Jiostar, formerly known as Star India. STPL owns and licenses the 'STAR' brand to group companies. The scheme for this merger was first announced on November 14, 2024. This development marks a significant change for Reliance in the media industry.
Joint venture
Jiostar's formation and financial performance
Jiostar is a joint venture formed by the merger of Reliance's media business and global media giant Walt Disney's India business in November 2024. The combined entity was valued at $8.5 billion. As India's top media and entertainment platform, Jiostar had reported revenues of ₹7,232 crore in Q3 2025 with a profit after tax of ₹1,322 crore.
New platform
Jiostar's launch of JioHotstar
In February 2025, Jiostar launched JioHotstar after merging two leading OTT platforms, JioCinema and Disney+ Hotstar. The merger marks a significant development for Reliance in the digital entertainment space. This move highlights Reliance Industries's ongoing expansion in India's media and entertainment industry.