Reliance Media to form JV with CBS Corp: Report
Reliance Media World, part of India's Anil Dhirubhai Ambani Group, will form an equal joint venture with US-based CBS Corp to launch television channels, the Economic Times reported on Monday.
The companies have reached an agreement on the joint venture and an announcement is expected this week, the newspaper said, citing a person familiar with the development. Officials at Reliance Media and CBS could not immediately be reached for comment.
The newspaper said the joint venture would start operations from January next year and would launch a slew of channels, starting with those featuring syndicated content from CBS, owner of the most-watched US television network.