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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 ...
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 ...
The merger will create India's biggest entertainment player, with 120 TV channels and two streaming services, and will compete with Sony, Netflix and Amazon. (Reporting by Kashish Tandon in ...
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 ...
In April 2020, the Walt Disney Company merged Hotstar with Disney+ in India to form Disney+ Hotstar with Hotstar operating independently and coexisting with Disney+ in Canada and US, [38] since it launched on 4 September 2017; the United Kingdom on 13 September 2018; [39] and Singapore on 4 November 2020, prior to Disney+ in the country. [40]
While services of US origin such as Amazon Prime Video and Netflix saw some growth in the Indian market, Hotstar remained the dominant streaming service. [8] By July 2017, Hotstar's apps had reached 300 million downloads, and it was reported as being the top video streaming app in the country.
NEW DELHI/LOS ANGELES (Reuters) -India's top conglomerate Reliance Industries and Walt Disney on Wednesday announced the merger of their India TV and streaming media assets, creating an $8.5 ...
Hotstar (now Disney+ Hotstar) is the most subscribed–to OTT platform in India, owned by Star India as of July 2020, with around 300 million active users and over 350 million downloads. [4] According to Hotstar's India Watch Report 2018, 96% of watch time on Hotstar comes from videos longer than 20 minutes, while one–third of Hotstar ...