Disney's Dilemma With Star India Aggravated By Mukesh Ambani's Cricket Moves: Report
Portfolio Pulse from Shomik Sen Bhattacharjee
Walt Disney Co. (NYSE:DIS) is reportedly considering different strategies for its Star India business, including potential partnerships or a sale. This comes as Disney and its competitors shift focus towards streaming services and away from traditional TV platforms. Star India's success was impacted last year when Disney lost streaming rights for the Indian Premier League cricket matches to Mukesh Ambani's Jio Cinema, which affected Star's Hotstar mobile streaming service. Despite lower earnings from its streaming services in India compared to the US, Disney aims to make its streaming business profitable by September 2024.
July 12, 2023 | 7:04 am
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Disney is considering different strategies for its Star India business, which could impact its global streaming expansion plan. The loss of streaming rights for the Indian Premier League cricket matches to Jio Cinema has already affected its Hotstar mobile streaming service.
Disney's consideration of different strategies for Star India, including a potential sale, indicates a possible shift in its business model. The loss of streaming rights for the Indian Premier League to Jio Cinema has already negatively impacted its Hotstar service, which could lead to a decrease in subscribers and revenues. This could potentially affect Disney's stock price in the short term.
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