DIRECT POINT Original
Here's This Quarter Results of Disny+Hotstar which is scary and could also led to selling of few assets, watch our take on new Exclusive on HBI Word
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Its subscriber base stands at 40.4 million at the end of June 2023. Between September 2022 and June 2023, the platform has lost a whopping 20 million-plus subscribers.
Disney’s India-focused OTT platform saw its paid subscriber base plunge 24% to 40.4 million in the April-June quarter compared to 52.9 million a quarter ago.
It had 61.3 million subscribers in Asia at the end of September 2022. A large majority of it came from India, making it the largest streamer by user base in the country, way ahead of rivals Amazon Prime Video (approximately 20 million) and Netflix (approximately 6-7 million).
“Disney+ Hotstar subscribers declined this quarter as we adjusted our product from one centered around the IPL to one more balanced with other sports and entertainment offerings. I would also note that this business with its significantly lower ARPU compared to core Disney+ is not a material component of our overall D2C financial results,” said Interim Chief Financial Officer Kevin Lansberry, at the post-result earnings call early on Thursday.
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Nice video
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