JioHotstar Domain Saga Gets A New Twist: Dubai Siblings Take It Over, Transform It Into Philanthropy Platform
Take Stock Of The Week Ahead

Get all the latest Share Market trends and news to set you up for the week ahead.

Congratulations!
You have successfully subscribed.

In an unexpected twist, the JioHotstar domain, once embroiled in a financial demand, has been converted into a philanthropic platform by two siblings from Dubai. This follows the disappearance of the techie who initially sought ₹1 crore from Reliance Industries.

What Happened: The JioHotstar domain has now been repurposed by Jainam and Jivika, young philanthropists from Dubai. The siblings aim to support underprivileged children through their initiatives.

The techie who owned the domain had initially sought ₹1 crore from Reliance Industries to fund his Cambridge University course. However, he vanished, leaving the domain to the siblings. The new site features their charitable work, including photos and YouTube videos.

See Also: ICICI Bank Q2 Net Profit Climbs 14.5% To ₹11,745 88 Cr, Beats Street Expectations

The siblings stated they acquired the domain from a Delhi-based software developer, allowing them to continue their mission of spreading kindness.

This unexpected development has sparked speculation online, leading to curiosity about Reliance’s potential response to the philanthropic content now hosted on the JioHotstar domain.

Why It Matters: The saga began when a Delhi-based techie purchased the JioHotstar domain in 2023, hoping to capitalize on a potential merger between Jio and Hotstar.

The developer aimed to sell the domain to fund his education at Cambridge University. However, Reliance Industries rejected his ₹1 crore offer and threatened legal action.

The techie’s acquisition was based on speculation surrounding Disney+ Hotstar’s loss of IPL streaming rights and a possible rebranding akin to JioSaavn.

The techie’s disappearance has left the domain in the hands of Jainam and Jivika, who have redirected its purpose towards charitable endeavors. This development has raised questions about the legal implications and Reliance’s stance on the domain’s new use.

Read Next: CDSL Sees Q2 Net Profit Jump 48% To ₹162 Cr, Beats Street Estimates

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo courtesy: Shutterstock

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Comments
Loading...
EntertainmentNewsTechbenzinga neuroHotstarJioHotstarReliance IndustriesReliance Jio