The firm has held preliminary

The firm has held preliminary talks with a handful of firms, including Ambani’s Indian conglomerate Reliance, as well as some private equity giants in recent months as it garners interest for the India business, the crown jewel in Fox’s portfolio at the time Disney acquired it.

But the fate of Star India has changed in recent years amid a dwindling market condition that has forced Iger to shift focus to core businesses.

It also doesn’t help Hotstar that Ambani has poached several top Star India executives to lead Viacom18 and agreed to spend $3 billion to stream the IPL cricket tournament for five years.