Disney's losses from Reliance JV down to $44 mn
Walt Disney's loss from its joint venture with Reliance Industries in India fell to $44 million in the quarter ending June 27, down from $50 million a year earlier, according to reported figures. The overall business loss for the nine months to June 27 was $136 million, compared to $186 million in the same period last year. Disney attributed the improvement to increased equity income from its investments, driven by the reduced losses from its India venture.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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