Reliance buys majority stake in Willow TV
Reliance ADAG has bought 75% stake in US based Willow TV to expand it’s presence in US. The acquisition 
amount is undisclosed, but Reliance will spend $60 million to $70 million in the next few years.
Willow TV has 1 million registered users and is world’s largest live streaming video site for cricket – the monetization model is based on subscription.
Reliance Entertainment is aggressively targeting the US segment – has bagged Hollywood deals and is looking for US acquisition as well.
-
Related posts:
About the author - Ashish Sinha is a Startup Mentor/Product Strategy Coach, and the founder/chief editor of pluGGd.in.
He has launched/managed couple of products (consumer as well as enterprise) in US and India, and now consults with startups/small businesses on their product/media strategy. He can be reached at: ashish (at) pluGGd.in [+91 98452 06443]
