Disney Fires Up Sports Streaming War Against India's Richest Man On His Home Turf
Portfolio Pulse from Shomik Sen Bhattacharjee
Disney+Hotstar, owned by Walt Disney Co (NYSE:DIS), announced it will make cricket tournaments like the Asia Cup and ICC Men’s Cricket World Cup free for all mobile users in India, after losing streaming rights for the Indian Premier League (IPL) to JioCinema. This has contributed to a 2% decrease in overall Disney+ memberships.
June 09, 2023 | 12:25 pm
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Disney+Hotstar's loss of IPL streaming rights to JioCinema and making cricket tournaments free for Indian mobile users has contributed to a 2% decrease in overall Disney+ memberships.
Disney+Hotstar lost the streaming rights for the popular Indian Premier League (IPL) cricket tournament to JioCinema, which led to a significant loss of subscribers and a 2% decrease in overall Disney+ memberships. This negative impact on Disney's streaming service could potentially affect the company's stock price in the short term.
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IMPORTANCE 80
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