Reliance-Disney merger may leave regional networks vulnerable

With the possible coming together of Reliance-backed Viacom18 and Disney Star as well as a Zee-Sony merger looming large, regional players such as Sun TV are in a difficult position, media experts said.

The top four national networks are expected to combine their strengths to form two rival blocks that will see them emerge as the top two media conglomerates in the country post the current wave of consolidation.

While the proposed Sony-Zee merger will create a $10-billion media entity, the Reliance-Disney deal is valued at a similar size. Bloomberg said on Tuesday that the latter transaction could be announced as early as next week.