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Mukesh Ambani’s Disney dream could add to nightmares for Zee
Reliance Industries and Viacom18 have partnered with Disney to create a Rs 70,000 crore broadcast network, posing challenges for debt-ridden Zee Entertainment Enterprises. The company faces weakened competitive position, reduced bargaining power, tough competition from digital media, and corporate governance issues. Zee shares have lost 44% of their value this year.