As we embrace the 5G revolution, our partnerships will enable us create a world-class M&E business, says Mukesh Ambani

Reliance Industries held its 45th annual general meeting (AGM) on August 29, 2022 where its chairman and managing director, Mukesh Ambani addressed his shareholders and shared the rollout plan of its telecom arm Jio’s much-awaited 5G services.

Mukesh Ambani said, “ Our media business achieved its highest growth last year on the back of strong engagement, resulting in record subscriptions and advertising revenues.

Our national channels, CNN-News18, CNBC-TV18, and News18 India are consistently ranked Number 1.

Moneycontrol is among the world’s most popular subscription products. Our news brands are innovating with novel story-telling methods across platforms, building deeper relationships with audiences – wherever they are and whatever device they use.

Our Entertainment arm, Viacom18 consolidated its leadership position with a high-decibel entry into Sports, bagging digital rights of IPL for 5 years. Along with key sporting rights in Football, Badminton, Basketball, and Tennis, there is now Cricket. Viacom18 is also aggressively investing in movie rights and original content for OTT.

In News, Entertainment, and Sports, digital is a core and fast-growing theme as we prepare to embrace the 5G revolution. Our partnership with Bodhi Tree, James Murdoch, Uday Shankar and Paramount Global will help Viacom18 with additional talent bandwidth and enable us to create a world-class Media & Entertainment business.” BCS Bureau