Reliance, Viacom18 tie up with Bodhi Tree to form mega TV and streaming biz

Uday Shankar and Lupa Systems' Bodhi Tree to become major shareholder alongside Reliance and Paramount Global; Bodhi Tree to invest Rs 13,500 crore in Viacom18

Reliance Industries and Viacom18 on Wednesday announced a strategic partnership with Bodhi Tree Systems, a platform of James Murdoch’s Lupa Systems and Uday Shankar, to form one of the largest TV and digital streaming companies in India.

A press release issued by Reliance said Bodhi Tree Systems is leading a fund raise with a consortium of investors to invest Rs 13,500 crore in Viacom18, to jointly build India’s leading entertainment platform and pioneer the Indian media landscape’s transformation to a “streaming-first” approach.

Viacom18 owns and operates the suite of Colors TV channels and OTT platform, VOOT.

Reliance Projects & Property Management Services Limited,