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The merger of Indian media assets of Reliance, its portfolio Viacom18 and Disney will create an entity that captures 85% of the country’s on-demand streaming service audience and about half of the TV viewers, analysts said, posing bigger challeng…
Reliance, its portfolio Viacom18 and Disney are merging their media businesses in India, creating the largest media entity in the world’s most populous nation. Reliance, which will control the joint venture, directly owns 16.34% of the merged ent…
Reliance-backed Viacom18 has reached an agreement to buy 60% of Disney’s India unit, WSJ reported Thursday citing unnamed sources, creating a pathway for the Indian conglomerate to form a $10 billion media giant in the South Asian market. The dea…
In India, few events garner as much attention as a cricket game. And there’s no match for a World Cup final. The Sunday game, which began just half an hour ago, has already topped 54 million concurrent viewers, shattering a record that was set ju…
A crucial knock-out cricket match between India and New Zealand shattered all previous on-demand video streaming records Wednesday, attracting over 51 million concurrent viewers to Disney’s Hotstar. The milestone exceeded the prior record of 44 m…
Bob Iger said Wednesday that Disney “would like to stay” in India and is considering its options in the world’s most populous country even as its crown jewel streamer Hotstar struggles to contain subscribers loss. Hotstar lost 2.8 mil…
Reliance is nearing a deal to acquire Disney’s India business, according to a report, as Mukesh Ambani’s oil-to-telecom empire eyes broadening digital and television assets. Disney values its India business at about $10 billion, whereas Rel…
Netflix has “not succeeded” in scaling up its business in India despite the global streaming giant consistently lowering the subscription costs in the country, analysts at AllianceBernstein wrote in a report to clients Thursday. The U.S. st…
Disney+ Hotstar lost nearly a fourth of its customer base, or 12.5 million subscribers, in the quarter ending June, Disney disclosed in its earnings Wednesday, the ongoing setback at the India-focused streamer that’s reeling from the lack of cricket content. This is the third consecutive quarter in which Disney has lost subscribers. In the past…
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