Reliance Industries Limited (RIL), Viacom18, and Disney have signed a binding agreement to form a new joint venture (JV) that will combine the business assets of Viacom18 and Star India. As per the agreement, the media undertaking of Viacom18 will be merged into Star India Private Limited (SIPL). Reliance Industries has agreed to invest Rs 11,500 crore into the JV to fuel its growth. The transaction values the newly formed... Read More
Reliance Industries Limited (RIL) and Disney, two major companies have signed a non-binding agreement to move ahead with the merger plans. Disney Star (Disney's Indian unit) plans to merge operations with RIL. The majority stake of 51% in the merged entity will be owned by RIL and the remaining 49% will be held by Disney Star. If the deal goes through, it will be the country's largest media and entertainment... Read More
The Walt Disney Company, a diversified international family entertainment and media enterprise, will “focus down on Hotstar, both from an entertainment standpoint and a sports standpoint,” says Bob Chapek, the company’s chief executive officer. Chapek on Monday said in the annual Credit Suisse Communications Conference that the choice made by the company to target sports and entertainment for Hotstar is due to its “benefits in those regions.” The Walt Disney... Read More
Disney+ Hostar, the Over-the-Top (OTT) streaming platform run by Walt Disney owned Star India streams 17,000 hours of original programming each year, Bob Chapek, chief executive officer of Walt Disney said. The development is on the heels of Christine McCarthy, chief financial officer of the Walt Disney Company in early February highlighting that Disney+ Hotstar makes up approximately 30% of the Disney+ user base. McCarthy in the first quarter earnings... Read More
Netflix, the American streaming service on Monday announced that Jagame Thandiram, a Tamil film starring Dhanush is all set for an “exclusive release” on its platform. The streaming giant with 204 million users across the world said that Jagame Thandiram is “one of the first big Tamil films” set for Netflix release in 2021. Netflix said that Jagame Thandiram will “launch globally in over 190 countries,” with the movie also... Read More
Two of the leading over-the-top (OTT) platforms globally, Disney+ and Disney+ Hotstar added about 16 million new subscribers in the quarter ended September 2020. While both the platforms are slightly different, they are owned by the same company, Disney. The quarterly earnings report of Disney’s streaming services came out on Thursday. The numbers were revealed by Christine McCarthy, Chief Financial Officer (CFO) and Senior Executive Vice President of Disney. As... Read More
The Walt Disney Company on Tuesday said in its third quarter earnings call that the Disney+ service has crossed over 60.5 million subscribers. The Disney+ service was introduced in November, 2019 initially in the US market before the company expanded the service to international markets like Western Europe, India and Japan in 2020. In India, the company launched its Disney+ service on April 3 by enhancing its existing Hotstar service.... Read More
The new card of Walt Disney Company, Disney+ has reached 54 million subscribers worldwide. Since the COVID-19 pandemic has forced people to stay at homes, people are relying on various video streaming platforms for their entertainment purposes. Disney+ has witnessed tremendous growth, and the newly launched platform of Walt Disney Company has added 21 million subscribers in a span of 2 months. Disney Chief financial officer Christine M McCarthy stated... Read More
Xiaomi India announced on Friday that the Disney+ Hotstar app is now available to stream on its PatchWall, Xiaomi’s Android based custom software built for its TVs. The company said on Twitter that “the long-awaited entertainment package is here” as it unveiled Disney+ content and PatchWall 3.0. Star India launched the Disney+ content onto its Hotstar app on Friday. The Disney+ Hotstar app now features over 250 animated and superhero... Read More
Star India announced on Tuesday that it is upgrading its Hotstar to Disney+ Hotstar on April 3, enabling users to watch over 250 superhero and animated films along with existing Hotstar content. The company said that the users would enjoy an enhanced user experience as the upgraded platform would bring together “magic of Disney’s storytelling and the scale and technological expertise of Hotstar, giving users an unparalleled video streaming experience.”... Read More
Taking on streaming giants like Netflix and Hulu, Walt Disney Co. has announced it will launch its new streaming service called Disney+ in November, at a price of $6.99 a month. This comes after the entertainment giant sealed the deal on its $71 billion acquisition of 21st Century Fox. "The linchpin of Disney's streaming strategy, Disney+ will be an ad-free subscription service anchored by programming based on Disney's biggest franchises,... Read More
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