🏏 Disneys Losses From Reliance JV Down to $44
Published by OOPSONLINE.IN · Source: The Economic Times · 1 min read · · Updated
What actually happened
Walt Disney's Indian joint venture with Reliance Industries saw losses narrow significantly in the recent quarter. The combined entity, JioStar, reported a sharp turnaround in profitability during the last fiscal year. Revenue from operations for JioStar increased substantially, reflecting strong business growth. This improvement in Disney's investment tracks the venture's enhanced financial performance. JioStar also reduced its provision for onerous sports contracts, indicating better financial management.
Key points
- Walt Disney's Indian joint venture with Reliance Industries saw losses narrow significantly in the recent quarter.
- The combined entity, JioStar, reported a sharp turnaround in profitability during the last fiscal year.
- Revenue from operations for JioStar increased substantially, reflecting strong business growth.
- This improvement in Disney's investment tracks the venture's enhanced financial performance.
Summary based on data provided by The Economic Times. Full article available at the original publisher.
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- #disney
- #losses