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Hotstar

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technology2 years ago•1 min saved

"JioCinema sets world record with free streaming of IPL 2023 final between CSK and GT"

JioCinema, the Indian streaming app backed by Mukesh Ambani's Reliance, broke the world record for the most concurrent views to a live streamed event, attracting over 32 million viewers to the final game of the Indian Premier League cricket tournament. The previous record was held by Disney's Hotstar, which drew 25.3 million simultaneous viewers for a cricket match in 2019. Viacom18, whose largest investor is Reliance, secured the digital rights for IPL for a five-year period until 2027 and is offering free streaming of the tournament to audiences across South Asia through JioCinema.

via TechCrunch|

#cricket #hotstar #jiocinema

business2 years ago•1 min saved

Streaming Subscribers Shift: Disney's Loss is JioCinema's Gain.

Disney's streaming platform, Hotstar, lost 4.6 million subscribers in Q1 2022, marking the second consecutive quarter of decline and a total loss of 8.4 million subscribers since October 2021. Hotstar's average revenue per subscriber also fell from 74 cents to 59 cents in the same quarter. The decline is attributed to the loss of Indian Premier League (IPL) digital rights to Viacom18 and the termination of its licensing agreement with HBO. Industry analysts predict Hotstar's subscriber loss to escalate, potentially reaching an additional 7 million by year-end.

via TechCrunch|

#business #disney #hotstar