India, May 8 -- The Walt Disney Company witnessed an equity loss of $103 Mn from its Indian joint venture (JV) JioStar with Reliance Industries and Bodhi Tree Systems during the quarter ended March 2025.

In a filing with the exchanges, the US-based broadcasting giant said that it reported $136 Mn in equity loss from the JV in the six month period ended March 2025.

Additionally, the company projected an equity loss of nearly $300 Mn in fiscal year 2024-25 (FY25) due to JioStar's formation, "driven by purchase accounting amortisation".

In the US, a fiscal year generally stretches between October of the preceding year and September of the successive year. For example, FY25 would extend between October 2024 and September 2025.

It is perti...