Disney incurs $1.5-b impairment charge on Star India deal in FY24

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Walt Disney reported a $1.5 billion impairment charge related to its Star India transaction, reflecting a fair value adjustment. The charge includes $800 million in cumulative foreign currency translation losses. Disney completed the merger of Star India with Reliance Industries’ Viacom18, creating JioStar, on November 14.

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Disney incurs $1.5-b impairment charge on Star India deal in FY24

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