Merger with Reliance would boost company’s profits and reduce risk in India: Disney CEO

NEW DELHI: Walt Disney CEO Bob Iger has said a joint venture with Reliance Industries after merging its India business would benefit the company in terms of profit and also “derisk” its business in the Indian market.

The merger deal will create a big entity and help it to stay in the market at a “significant level”, said Iger at a Morgan Stanley investor conference earlier this week.

“We had an opportunity to align with Reliance, which is obviously the company that has done very well there and one that we respect. And in doing so, end up owning part of a bigger media company. And we believe that, that not only should benefit us in terms of the bottom-line, but derisk us as well there,” he said.