Mukesh Ambani acquires IPL streaming rights for $2.7 billion

  • Mukesh Ambani’s conglomerate Reliance Industries Ltd. acquires IPL streaming rights for $2.7 billion.
  • The rights were acquired through the joint venture between Paramount Global and Reliance Industries Ltd., Viacom18 Media Pvt.
  • Mukesh Ambani’s acquisition fended off competitors Disney and Sony Group Corp.
  • Disney previously held the rights and used them to drive subscribers to its streaming service, Disney+ Hotstar.
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