July 11 (Reuters) - Walt Disney (DIS.N) is exploring strategic options for its Star India business, including a joint venture or a sale, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
The company has talked to at least one bank about ways to help the India business grow, while sharing some of the costs, according to the report.
The talks are in the early stages and it is unclear which options, if any, Disney might pursue, WSJ said.
Disney's India business comprises Disney+ Hotstar streaming service and Star India, which it took over when it acquired the entertainment assets of 21st Century Fox in 2019.
Star India, which was rebranded as Disney Star last year, encompasses dozens of TV channels and a stake in a movie production company.
Persons:
Walt Disney, Hotstar, Yuvraj Malik, Shounak Dasgupta, Shailesh
Organizations:
Star India, Wall Street, Disney, Century Fox, Disney Star, Thomson
Locations:
India, Bengaluru