India, Feb. 15 -- Viacom18's purchase of Hotstar promises a powerful OTT platform with extensive content, reshaping India's media industry.

On Monday, January 22, Sony backed out from a mammoth merger deal with Zee Entertainment, a deal that was valued at a whopping Rs 83,000 crore (USD 10 billion). Even as the contours of this breakup lead to murky legal tussles that can swing either way (as we saw with Elon Musk and Twitter's tug of war), the unlikely collateral that emerged from this is an impact on the valuation of Disney's India business. Fast forward to February 1, and media reported that Reliance Industries' entertainment arm, Viacom18, had swooped in to acquire a majority stake in Disney India.

As things stand right now, Viacom1...