Highlights

  • Disney's Hotstar dominates the Indian market with 144M unique visitors.
  • Reliance's JioCinema and JioTV collectively attract 129M visitors.

Latest news

Uttar Pradesh: Six killed in Shahjahanpur road accident

Uttar Pradesh: Six killed in Shahjahanpur road accident

US Govt urges Supreme Court to dismiss Mumbai terror accused Rana's petition for writ of certiorari

US Govt urges Supreme Court to dismiss Mumbai terror accused Rana's petition for writ of certiorari

HRW accuses Israel of 'acts of genocide' for Gaza water access

HRW accuses Israel of 'acts of genocide' for Gaza water access

Arvind Kejriwal urges NDA allies to reconsider support for BJP over Amit Shah’s Ambedkar remark

Arvind Kejriwal urges NDA allies to reconsider support for BJP over Amit Shah’s Ambedkar remark

Nuclear-armed Pakistan says fresh US sanctions 'biased'

Nuclear-armed Pakistan says fresh US sanctions 'biased'

Andhra High Court upholds lesbian couple’s right to live together, parents told not to ‘interfere’

Andhra High Court upholds lesbian couple’s right to live together, parents told not to ‘interfere’

Mumbai boat tragedy: Life jackets made mandatory for rides from Gateway of India

Mumbai boat tragedy: Life jackets made mandatory for rides from Gateway of India

FIR against Samajwadi Party’s Sambhal MP for power theft

FIR against Samajwadi Party’s Sambhal MP for power theft

Reliance-Disney merged entity to capture more than 50% of market share: Report

Additionally, Reliance's JioCinema and JioTV together garnered a substantial audience of 129 million users

Reliance-Disney merged entity to capture more than 50% of market share: Report

The recently merged Reliance-Disney entity is set to capture around 50% of the streaming market share domestically and is expected to pose a serious challenge for streaming giants like Netflix and Amazon Prime Video, reported Blomberg based on Comscore data.

The data indicated that nearly half of the consumers of movies, shows etc of online streaming were consuming the content provided by Reliance or Disney OTT platforms.

The merged entity created by Reliance acquiring Disney's India business for $8.5 billion is expected to provide a wide range of entertainment to domestic consumers.

According to the report, three platforms, Disney's Hotstar, Reliance's JioCinema, and JioTV, accounted for 46.6% of the Indian market share, attracting a total of 243.5 million users. Hotstar alone amassed more than 144 million unique visitors, with JioCinema and JioTV collectively receiving over 129 million visitors.

The report also indicated that both streaming platforms have heavily benefitted from streaming cricket matches on their platforms. While Jio Cinema streamed the IPL matches for free on its platform, Disney plus Hotstar also streamed the ICC Men's Cricket World Cup on its platform.

Reliance and Walt Disney signed binding definitive agreements to form a JV to combine the business of Viacom18 and Star India, the company announced last month. Mukesh Ambani will invest ₹11,500 crore or $1.4 billion into the JV for its growth strategy. The JV has been valued at ₹70,352 crore or $8.5 billion on a post-money basis, excluding synergies, as per BT report.


ADVERTISEMENT

Up Next

Reliance-Disney merged entity to capture more than 50% of market share: Report

Reliance-Disney merged entity to capture more than 50% of market share: Report

New Zealand falls into recession with abrupt economic slowdown

New Zealand falls into recession with abrupt economic slowdown

Dollar Pushes Indian Rupee to Record Low of 85, Fed's Policy Outlook in Focus

Dollar Pushes Indian Rupee to Record Low of 85, Fed's Policy Outlook in Focus

Oil Prices Rally on Inventory Drop, Market Awaits Fed Projections

Oil Prices Rally on Inventory Drop, Market Awaits Fed Projections

SEBI Expands UPSI Definition, Strengthens ESG and Governance Frameworks

SEBI Expands UPSI Definition, Strengthens ESG and Governance Frameworks

Gold Imports surge in November: Commerce Ministry examining data for any calculation error

Gold Imports surge in November: Commerce Ministry examining data for any calculation error

ADVERTISEMENT

editorji-whatsApp

More videos

Indian Stock Market: Mixed Sectoral Performance Amid IPO Highlights

Indian Stock Market: Mixed Sectoral Performance Amid IPO Highlights

Parliamentary Panel bats for legal guarantee of MSP to protect farmers' interests

Parliamentary Panel bats for legal guarantee of MSP to protect farmers' interests

Bihar fully prepared to create robust business ecosystem, investment safe: Dy CM Samrat Choudhary

Bihar fully prepared to create robust business ecosystem, investment safe: Dy CM Samrat Choudhary

"If they tax us, we tax them...," Trump Signals Tough Trade Stance; Reciprocal Tariffs on India

"If they tax us, we tax them...," Trump Signals Tough Trade Stance; Reciprocal Tariffs on India

Top 5 Losers of NIFTY 50: A Day of Decline for Leading Stocks

Top 5 Losers of NIFTY 50: A Day of Decline for Leading Stocks

India's renewable energy capacity addition doubled to 15 GW in Apr-Nov: Pralhad Joshi

India's renewable energy capacity addition doubled to 15 GW in Apr-Nov: Pralhad Joshi

 Indian Markets Open Lower Amid Caution Ahead of U.S. Federal Reserve Meeting

Indian Markets Open Lower Amid Caution Ahead of U.S. Federal Reserve Meeting

Five of top-10 most valued firms together add Rs 1.13 lakh Crore in market valuation

Five of top-10 most valued firms together add Rs 1.13 lakh Crore in market valuation

Airlines are price takers, they do not have influence on prices they pay: IATA Chief Economist

Airlines are price takers, they do not have influence on prices they pay: IATA Chief Economist

India’s import of Russian oil drops in November on shrinking discounts

India’s import of Russian oil drops in November on shrinking discounts

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.