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Disney+ Hotstar to not be deterred by loss of IPL broadcast rights

What is the video streaming service’s fallback?

Disney+ Hotstar had an eventful quarter as it added nearly 26 lakh subscribers whereas Disney+ added nearly 1.1 crore subscribers from Q4 2021, according to the company's earnings report for Q1 2022. Why it matters: The growth is notable as Netflix recently announced that it lost nearly 2,00,000 subscribers for the first time in a decade. It could also mean that Disney+ is bucking the trend of an impending slowdown in the streaming sector as people return to offices and theatres open up. What is the role of sports: Disney’s CEO Bob Chapek informed analysts that sports is a key differentiator based on which they enter different territories with their service. Chapek added that a big percentage of consumers in Latin America subscribe to Disney+ because of sports. “It's a very important strategic offering because the fandom and the passion…

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I cover several beats such as Crypto, Telecom, and OTT at MediaNama. I can be found loitering at my local theatre when I am off work consuming movies by the dozen.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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