Disney's India Streaming Arm Is Bleeding Subscribers By Millions, The Culprit: Billionaire Mukesh Ambani's Jio
Portfolio Pulse from Shomik Sen Bhattacharjee
Disney's streaming platform in India, Disney+ Hotstar, has lost 12.5 million subscribers in the recent quarter, marking its third consecutive dip. The platform has lost around 21 million subscribers since October 2022. This is largely due to the loss of cricket content, particularly the IPL, to Viacom18, supported by Mukesh Ambani's Reliance Industries. There are rumors that Disney is considering a sale or a potential joint venture in India.
August 10, 2023 | 5:35 am
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Disney's streaming platform in India, Disney+ Hotstar, has seen a significant drop in subscribers, which could negatively impact Disney's revenues and stock price in the short term.
The loss of subscribers for Disney+ Hotstar in India is a significant issue for Disney, as it represents a loss of potential revenue. This could negatively impact Disney's financial performance and, consequently, its stock price. The loss of the IPL cricket content to a competitor is a major factor in this subscriber loss.
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RELEVANCE 100