India’s latest media mega merger proposal is underway, with Disney-owned Star India set to be swallowed by Viacom18, part of the Reliance Industries empire. If approved, Disney can finally stop grinding itself down by chasing rapidly inflating streaming rights. A more tranquil and cost-savvy presence on the subcontinent awaits. The proposed merger is sweetened by the numerous long-lost movies, TV series and sports leagues that are set to trickle back into Disney’s orbit. The past couple of years has seen the company lose the Indian Premier League (IPL), Indian Soccer League (ISL), and entire libraries from HBO, Max Original and Warner Bros Discovery – all lost to Viacom18. Reliance Industries has pledged to invest $1.4 billion in the new entity to fuel growth, in return for a…