Top News of the Day:
1. Amazon India set to buy MX Player in a distress sale for $100Mn
2. Ratan Tata-Backed BlueStone Eyes Unicorn Tag In Pre-IPO Round
3. Euler Motors has successfully raised INR 570 Cr in its Series C funding round.
4. Robot a
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Anirudh Gupta
CA Aspirant|Content ... • 10m
Who's watching MX player by the way??
0 replies
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Rohan Saha
complicated Investor • 1m
The merger of Jio and Hotstar has caused significant damage to Amazon and Netflix. Amazon is probably not even considering monetizing MX Player now. The subscription benefits we get from JioHotstar are hard to match by any other platform. At this mom
Amazon buying MX Player is a masterstroke! 🙌🙌
Here's why it wants a 3rd streaming platform. Let’s start from the start 👇
..
Basics:
-> MX was developed by Korea’s J2 Interactive to play downloaded videos on smartphones
-> By 2018, it had 175m
Came to the platform after watching the Shark Tank episode. Hope you get the attention you deserve to become a successful Indian-made social media app.
By the way what's the medial's tagline? It needs a punchy one to get more attention
3 replies3 likes
Mahendra Lochhab
Content creator • 2m
India's OTT market cap is $2.5 billion in 2023.
According to VHI, Worldwide OTT market is $450 billion in 2023 which is projected to reach $1.56 trillion by 2028, expected to grow at an annual rate of 28.19%.
The estimated size of India's video OTT