Reliance's media & ent unit revenue at Rs 13,000 crore

Reliance Industries' media and entertainment unit, led by Viacom18, saw significant revenue gains but faced net losses due to major investments. Viacom18's revenue surged 75% to ₹8,032 crore, while the unit prepares to merge with Disney's Star India. The merger seeks to create India's top media entity, estimated to be worth over ₹70,000 crore.