Disney+, the video streaming service owned by Walt Disney Company, said Hotstar accounted for nearly 40 per cent of its overall subscriber base at the end of the April-June quarter. Disney+ has reported 116 million paid subscribers globally, so that Hotstar users would be around 46 million. The additions also came from Malaysia and Thailand, where Hotstar launched this quarter, and India and Indonesia, where the service is already present.
- Tata Power Inks MoU with Asian Development Bank for $4.25 Billion
- Innovators Facade Shares Skyrocketed 11% on Securing Orders Worth Rs 110 Crore
- Stocks in Focus: SJVN, Tata Power, Afcons Infrastructure, and Others
- Stocks Under F&O Ban: Adani Enterprises, Aarti Industries, Indraprastha Gas, and Others
- RBI Defends Currency Moves to Protect Economy
In May, Disney+ had reported 104 million global subscribers, with around 34 million coming from Hotstar.