Billionaire Mukesh Ambani, chairman of India’s Reliance Industries Limited (RIL), hailed the historic partnership with Disney and unveiled ambitious AI plans at the company’s annual general meeting on Thursday.

India's Competition Commission on Wednesday approved the proposed $8.5 billion merger of key entertainment assets between RIL and The Walt Disney Company in India, subject to voluntary adjustments.

Ambani wasted no time in acting as if the merger was now a done deal. He described the Disney deal as "the beginning of a new era in India's entertainment industry."

“We are combining content creation with digital streaming,” said Ambani, who outlined a strategy to “deliver unparalleled content at affordable prices” across the spectrum of consumer tastes.