Hotstar Leads the Indian OTT Video Content Market in 2017, Netflix Stands at Fifth Position: Counterpoint

Counterpoint Research firm today released the December 2017 numbers of content players in India. In the report, the research firm said that Netflix had grown significantly in the Indian OTT video streaming market, however, it is far behind other OTT players. Currently, Netflix is the fifth largest player in India, behind players such as Hotstar, Voot, Amazon, etc.

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As per the estimates, the Indian content market is currently valued at USD 280 million with nearly 100 million subscribers, and it is poised to grow at 35% YoY. “As the industry moves forward, global OTT players will face many challenges in capturing significant mindshare among Indian consumers,” said Counterpoint in the report.

At the moment, Star India’s Hotstar is the leader in the industry with 75 million subscribers, followed by Viacom18’s Voot with 15 million subscribers. Amazon Prime Video is also doing good in the Indian market with 11 million subscribers. Sony LIV and Netflix are fourth and fifth on the list with 5 million subscribers.

The report added that players such as Hotstar and Voot have higher access to Star India and Viacom18 media liberties, which is the reason why they’re topping the chart. So far, Netflix has focused on pushing its global content such as House of Cards, Orange is the New Black, Master of None, Stranger Things, Narcos, Daredevil, etc., to Indian subscribers. While it has made significant progress in adding regional content, it still has a lot of ground to make up for competitors added the report.