Viacom18 is an Ambani-backed media network that operates more than three dozen television channels in nine languages and runs streaming services. The company is positioning itself to become a leading TV and digital streaming player in India, with plans to expand into sports streaming after buying NBA rights and eyeing future cricket rights. As part of a strategic push, JioCinema — Reliance’s on-demand streaming service — will be transferred to Viacom18. Paramount Global will remain a shareholder and continue to supply a large catalog of global content to the company. The announcement frames Viacom18’s growth amid consolidation in India’s entertainment and sports-broadcasting industry and aims to accelerate a transition to a streaming-first market.

Total raised

$2.0B

Funding rounds

2

Latest round

Equity

Latest activity

Apr 2022