Disney's India Streaming Arm Continues To Bleed Subscribers, Spurring Talk Of Sale To Mukesh Ambani Or Gautam Adani
Portfolio Pulse from Utkarsh Roshan
Disney's streaming service in India, Disney+ Hotstar, reported a loss of approximately 2.8 million subscribers from July to September, according to its Q3 earnings report. This follows the loss of rights to broadcast the Indian Premier League, which led to nearly 23 million subscribers leaving the platform in the past year. Meanwhile, Disney+ core subscriber count saw a 7% increase in the quarter. Rumors suggest Disney is planning to sell its business in India, with Mukesh Ambani being the leading contender for the acquisition.
November 09, 2023 | 5:43 am
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Disney's Q3 earnings report shows a significant loss of subscribers for its Disney+ Hotstar service in India, potentially impacting its revenue and stock price. There are also rumors of a possible sale of its India business.
The loss of subscribers for Disney+ Hotstar in India could negatively impact Disney's revenue and stock price. The potential sale of its India business could also have significant implications for the company's future strategy and financial performance.
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