On November 15, according to Reuters, Reliance Industries and disney completed an 8.5 billion dollar merger of their media assets in india on Thursday. The two companies announced that the newly formed departments will include the entertainment department (which includes Reliance's Colours TV channel and disney's Star), the digital department (which includes the online streaming platforms JioCinema and Hotstar), and the sports department. The entertainment department will be led by Kevin Vaz, who is currently head of Viacom 18 Media under Reliance. Former Google executive Kiran Mani will oversee the digital department. Sanjog Gupta, who is in charge of sports for disney's india media business, will lead the sports department of the merged company. This merger will create the largest entertainment company in india, with 120 television channels and two streaming services, and will compete with Sony and amazon.