Disney+ Hotstar Reports A 1.25 Cr Hole In Subscriber Numbers And Jio Is To Be Blamed

Disney+ Hotstar, once the crown jewel of India’s streaming world, is facing turbulent times. The platform saw a staggering drop of 1.25 crore subscribers in the recent quarter, marking its third consecutive dip. The culprit? A cricket content void, especially the much-loved IPL.

The numbers: With 40.4 million subscribers by June’s end, the platform has lost around 21 million since October 2022. Amidst these challenges, whispers about Disney considering a sale or a potential joint venture in India are rife.

During an earnings call, Disney’s CEO, Bob Iger, hinted at a global re-evaluation. He emphasised that not all markets are on equal footing. While some might see reduced investments, others, with high potential, could witness a surge, especially in local content.

Rivals who stand to gain: The game-changer was when Disney lost the IPL digital rights bid to Viacom18, supported by the business magnate, Mukesh Ambani‘s Reliance Industries. Capitalising on this, JioCinema streamed the IPL for free, making a grand entry into a domain Disney once ruled.

After the IPL, Jio also bagged HBO rights, taking away popular titles such as Succession, and Game of Thrones away from the house of mouse.

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