Disney Eyes Potential Sale of Indian Streaming Business: Report
Portfolio Pulse from Shivani Kumaresan
Walt Disney Company (NYSE:DIS) is reportedly in preliminary talks with potential buyers for its India streaming and television business. The company is considering selling part of the Indian operations or a combination of the unit's assets, including sports rights and regional streaming service Disney+ Hotstar. This follows the loss of streaming rights to the Indian Premier League cricket tournament. Despite this, Disney Star remains committed to the cricket domain, securing television rights that extend until 2027.
October 06, 2023 | 1:51 pm
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NEUTRAL IMPACT
Disney is considering selling its India streaming and television business, which could potentially impact its global market presence and revenue.
The potential sale of Disney's India streaming and television business could impact the company's global market presence and revenue. However, the impact on the stock price is uncertain as it could be seen as a strategic move to focus on more profitable markets or as a loss of potential growth in the Indian market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100