Patrick Frater Asia Bureau Chief The Walt Disney Company is reviewing its strategic options in India, the world’s most populous nation and one of the entertainment industry’s most challenging developing markets.
The Wall Street Journal reported Tuesday that the conglomerate has spoken with at least one bank to discuss options on how to make its India business grow, while also seeing the cost burden shared.
These options could include a sale of the business or a joint venture, the paper says. Contacted by Variety, a Disney corporate spokesman in India declined comment.
Disney has spent heavily to buy a sizable market position in India. In 2019, it paid $71 billion to buy 21st Century Fox, with Fox’s TV assets in Asia and the Star pay-TV business in India among the crown jewels of the acquisition.
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