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 yearsWillow 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. More News...
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