Merger, Sale, or Partnership: Disney`s Options for Star in India
| Case Code: BSTR673 Case Length: 7 Pages Period: Pub Date: 2024 Teaching Note: Available |
Price: Rs.400 Organization : The Walt Disney Company Industry : Leisure & Entertainment Countries : India Themes: M&A, Business Failure, Market Entry & Exit,Postmerger Integration |
Abstract Case Intro 1 Case Intro 2 Excerpts
Excerpts
The Options for Disney
In 2023, Disney laid off 7,000 people and cut over US$ 5.5 billion in costs. At the beginning of 2023 Disney began exploring options for its Indian operations. Iger expressed a strong desire to maintain a presence in India, as Star’s entertainment channels enjoyed strong viewership and profitability. Iger said, “Our linear business actually does quite well, it’s making money. But we know that other parts of that business are challenged for us and for others. And we are looking, I’ll call it expansively. We are considering our options there. We have an opportunity to strengthen our hand.” ..
Future Possibilities
The sale of Star’s assets was expected to have a significant impact on the Indian TV industry. Not only was it expected to reshape the competitive landscape, but it was also expected to signal the arrival of new players into the market. Media reports speculated that the chances of Disney merging with Reliance were very high. The merger was expected to establish one of India’s largest entertainment conglomerates, rivaling television entities like Zee Entertainment
Exhibits
Exhibit I:Companies Information
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