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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 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]
In August 2020, Disney announced that it would begin extending the Disney+ Hotstar service to other territories, beginning with Indonesia. [26] The company also announced that it would similarly use the branding Star (as originated from Star Asia) for general entertainment streaming services in markets outside of the United States.
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 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 values the India business of the U.S. entertainment giant at just around $3 billion, far lower than the roughly $15 billion valuation when Disney acquired it as part of its Fox deal in ...
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 ...
In its latest financial year ending in September, Disney earned revenue of just 66 cents on average per Hotstar subscriber — down from 88 cents in 2022 and compared with $5.93 for a non-US ...