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In October 2024, Employees of RIL revealed that Disney+ Hotstar and JioCinema will officially merge into a single platform. Back in February 2024, Reliance and Disney agreed on a $8.5 billion merger of their media assets. Nita Ambani will serve as the chairperson of the merged entity while Uday Shankar from Bodhi Tree Systems will be the vice ...
Unlike Disney+ Hotstar-branded services, however, the Star brand is used as an equivalent to Disney's U.S. streaming brand Hulu (which has less recognition outside of the U.S.), and generally consists of a content hub added to existing Disney+ services (unlike Disney+ Hotstar, which is based on Hotstar's platform).
Disney Star, registered as Star India Private Limited is an Indian media conglomerate joint venture.Though Reliance Industries owns 16.34% of the joint venture, while Viacom18 holds 46.82% and Disney India 36.84%, the JV is controlled by Reliance Industries.
India’s entertainment landscape shifted Thursday as Reliance Industries and Disney completed their long-awaited media merger, creating an Indian powerhouse valued at $8.5 billion. The deal ...
Reuters reported last month that Disney Hotstar's CEO Sajith Sivanandan resigned from the role as business integration gathered pace for the merger. The entertainment division will be led by Kevin ...
(Reuters) -India's top conglomerate, Reliance Industries, and Walt Disney on Wednesday announced the merger of their Indian TV and streaming media assets, creating an $8.5 billion entertainment ...
The company is owned by Jio Platforms, the digital service business of Reliance Industries. [20] According to a Kalagato report on OTT space, in 2018, JioTV saw around 18% of active users after Disney+ Hotstar which has 40% active users. In terms of national reach, Hotstar and JioTV both had 30% and 24% respectively market share. [21]
Its streaming app, Hotstar, has shed millions of subscribers since it lost the IPL rights to Reliance almost two years ago. In March 2023, Hotstar suffered another blow when it stopped streaming ...