Tech
Walt Disney Reports $103 Mn In Equity Loss From India JV JioStar
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SUMMARY
In a filing with the exchanges, the US-based broadcasting giant said that it reported $136 Mn in equity loss from the JV in the six month period ended March 2025
Additionally, the company projected an equity loss of nearly $300 Mn in FY25 due to JioStar’s formation, “driven by purchase accounting amortisation”
Due to deconsolidation of Star India from its books, the US broadcaster’s international operating income fell more than 84% YoY to $15 Mn in Q2 FY25
The…
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