🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Disney’s Hotstar loses 12.5M subscribers in a quarter amid cricket shortfall

TechCrunch · 1y ago

Disney’s Hotstar loses 12.5M subscribers in a quarter amid cricket shortfall

Disney+ Hotstar faced a significant setback as it lost about 12.5 million subscribers, approximately a quarter of its customer base, during the quarter ending in June. This marks the third consecutive quarter of subscriber losses, largely attributed to the absence of cricket content. The decline coincides with rumors of Disney exploring a sale or joint venture for its India business. Disney CEO Bob Iger indicated a need to prioritize markets that contribute to turning the business profitable, acknowledging varying investment levels in local programming across different regions. The loss of cricket rights to Viacom18's JioCinema impacted Hotstar's dominance in the Indian market.

Related News

Disney+Hotstar launches new features for mobile users ahead of ICC World Cup

Livemint

Livemint · 1y ago

Disney+Hotstar launches new features for mobile users ahead of ICC World Cup

Disney+Hotstar has introduced new features to enhance the viewing experience for mobile users ahead of the ICC Cricket World Cup 2023. These features include an upgraded live feed, optimized data-saving video streaming, and AI-based video clarity improvements. The platform also offers MaxView, allowing users to watch the game in vertical mode. Other features include free badges for non-subscribers, optimized data-saving, and a live feed tab. The ICC Men's Cricket World Cup 2023 begins on October 5th.

Asia Cup 2023: Disney+ Hotstar Breaks Records With 2.8 Cr Peak Viewership During India-Pakistan Match

Inc42 · 1y ago

Asia Cup 2023: Disney+ Hotstar Breaks Records With 2.8 Cr Peak Viewership During India-Pakistan Match

The India vs. Pakistan cricket match on Disney+ Hotstar achieved a record-breaking 2.8 crore concurrent viewers, setting a new digital viewership record for any India match. The previous record was 2.52 crore concurrent viewers for the 2019 Cricket World Cup semi-final against New Zealand. Disney+ Hotstar offered free streaming of the Asia Cup and ICC Men’s Cricket World Cup for mobile users, likely contributing to the surge in viewership. This move was seen as a strategic response to competition from JioCinema, which attracted 32 million viewers for the IPL 2023 final.

Disney+Hotstar creates new viewership record of 3.5 crore in India-Pak match

Economic Times

Economic Times · 1y ago

Disney+Hotstar creates new viewership record of 3.5 crore in India-Pak match

The India-Pakistan ICC Cricket World Cup match on Disney+Hotstar set a new viewership record with a peak concurrency of 3.5 crores, surpassing the previous record set during the IPL finale. The match was also shown in select cinema halls by PVR INOX, reporting high attendance. The official viewership numbers by BARC will be released later. Disney+Hotstar India Head expressed gratitude to fans and pledged to deliver an unmatched viewing experience throughout the ICC Men's Cricket World Cup.

Star India’s operating losses widen by 45% to $314 mn in June quarter | Mint

Livemint

Livemint · 11m ago

Star India’s operating losses widen by 45% to $314 mn in June quarter | Mint

Star India, owned by The Walt Disney Co., reported a widened operating income loss of $314 million in the June quarter of 2023-24, compared to $216 million in the same period the year before. This increase was attributed to higher programming and production costs related to the timing of the ICC Men's T20 World Cup, a decrease in affiliate revenue, and growth in advertising revenue. Disney+ Hotstar, the streaming platform, had 35.5 million paid subscribers at the end of the quarter, with an average monthly revenue per subscriber of $1.05 due to higher advertising revenue.

Meta reduces stock options for staff despite trading at record highs: Report

Economic Times

Economic Times · 4m ago

Meta reduces stock options for staff despite trading at record highs: Report

Meta Platforms is reducing stock options for employees by about 10%, even as its shares trade at record highs. Equity refreshers, which form a major part of employee remuneration, have been cut, varying by location and role. The move aligns with Meta’s strategy to manage costs amid high investments in AI infrastructure and performance management. Despite a positive streak and surpassing revenue expectations, Meta warns of possible first-quarter sales shortfall, implying cautious fiscal planning.

IPL, other sporting events under merged RIL-Disney to be streamed on Hotstar

VCCircle

VCCircle · 9m ago

IPL, other sporting events under merged RIL-Disney to be streamed on Hotstar

Streaming of live sporting events, including the Indian Premier League (IPL), will be exclusively available on Disney's app, as part of the integration between Disney and Reliance in India. The merged entity, which created the country's biggest entertainment company, has not provided details on how they will operate together. Live cricket is highly popular and Reliance's JioCinema currently holds rights for events like the IPL, while Disney+ Hotstar has rights to other tournaments. The live sporting events will transition to Disney+ Hotstar, according to sources.

Disney+ Hotstar’s Sidharth Shakdher jumps ship to Ola Mobility

Inc42 · 1y ago

Disney+ Hotstar’s Sidharth Shakdher jumps ship to Ola Mobility

Sidharth Shakdher, the former Disney+ Hotstar executive vice-president and chief marketing officer, has joined Ola Mobility as the new global chief business officer (CBO). He will be responsible for overseeing functions such as revenue, growth, marketing, and new initiatives for Ola’s mobility division. Shakdher, who has over 25 years of experience with companies like Amazon and Samsung, will also handle Ola's new businesses, including ecommerce. His move comes amidst ongoing challenges for Disney+ Hotstar, including losing subscribers and a proposed merger with Reliance falling through.

Disney+ Hotstar Hits A New Record of 44 Mn Concurrent Viewers

Inc42 · 1y ago

Disney+ Hotstar Hits A New Record of 44 Mn Concurrent Viewers

On November 5, Disney+ Hotstar set a new record for live-streaming viewership with 44 million concurrent viewers during a cricket match between India and South Africa. This surpassed their previous record of 43 million viewers and was seen as a crucial moment for the platform amidst competition and potential takeover talks with Reliance. Despite a decline in subscriber base, the strategic move of providing free streaming for major cricket events resulted in impressive viewership numbers. The Indian video OTT market is expected to double and reach $12.5 billion by FY2030.

Airtel trails Jio in net user additions, Vi loses more

Economic Times

Economic Times · 20d ago

Airtel trails Jio in net user additions, Vi loses more

Reliance Jio outpaced Bharti Airtel in net subscriber additions in May, with Jio gaining 2.7 million new users compared to Airtel's 275,621. Vodafone Idea and BSNL saw declines, losing 274,103 and 1.35 million subscribers, respectively. Jio led in the 5G fixed-wireless access segment, despite losing 286,331 users, due to reclassification of certain users. The telecom market saw a total of 2.09 million new wireless subscribers, with Jio retaining the largest market share at 40.92%.

JioCinema’s Business Head Ferzad Palia Soon To Quit

Inc42 · 8m ago

JioCinema’s Business Head Ferzad Palia Soon To Quit

Ferzad Palia, JioCinema’s business head, is reportedly stepping down after over two decades with Viacom18 Media. He will remain with the organization for a transition period to ensure a smooth handover. JioCinema declined to comment on the matter, but Palia, who joined in 2004, has been instrumental in the platform's growth. This development aligns with the anticipated merger of Reliance Industries’ media assets and Disney India, expected to complete by the end of the third quarter of FY25. The merger will create a joint venture between Viacom18 and Star India, potentially featuring over 100 TV channels and two major OTT platforms: Disney+ Hotstar and JioCinema. Recently, JioCinema reached 1.6 crore paid subscribers by the end of September 2024, driven by affordable plans and recording a 2X quarter-on-quarter growth. This strategic merger is expected to strengthen Reliance’s position in India’s media and entertainment sector.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Meta acquires voice startup Play ...

Perplexity’s CEO on why the brows ...

Exclusive: Porter turns profitabl ...

Download the medial app to read full posts, comements and news.