Entertainment giant Disney (NYSE:DIS) and its attempts to push into the Indian television market have been proceeding apace, at least according to the latest reports. But the investors aren’t exactly happy about it, as Disney is down nearly 2% in Thursday morning’s trading session.
The latest reports note that a new deal between Disney and Reliance Industries is approaching completion. Both Disney and Reliance own streaming platforms, and Reliance also has the biggest pay-TV operation in India, along with more than 100 linear TV channels to go along with it.
Naturally, a deal this big has the potential to fundamentally alter the landscape, so the reports note that both sides have already engaged lawyers to fend off the antitrust issues that are almost certain to follow. Plus, both sides have already signed a merger term sheet, though it’s non-binding.
Recovering From the Cricket Losses
There’s a very good…
