iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Disney+ Hotstar reports ~6% decline in paid subscriber base

10 Feb 2023 , 01:37 AM

Due to the non-renewal of a content deal with Jio and the pull-out of shorter duration pack customers following the loss of Indian Premier League (IPL) digital rights, streaming giant Disney+ Hotstar saw a 6% quarter-on-quarter (QoQ) drop in its paid subscriber base during the three months to December 2022.

According to Walt Disney’s Q12023 results, the paid subscriber base of Disney+ Hotstar has decreased by 3.8 million to 57.5 million from 61.3 million at the fiscal year’s end.

Furthermore, Disney+ Hotstar reported that average monthly revenue per paid subscriber has increased by 28% to $0.74 from $0.58. 

‘To drive subscriber growth, Disney+ Hotstar introduced shorter-duration quarterly packs in Q22022. However, the failure to renew IPL digital rights has resulted in a significant gap in compelling cricket content following the conclusion of the ICC T20 World Cup last year ‘said Mihir Shah, VP of Media Partners Asia.

According to Shah, the lack of IPL digital rights could have an impact on Disney+ Hotstar’s content deal renewal with JioFiber.

Overall, Disney+ has lost 2.4 million subscribers, leaving it with 161.8 million subscriptions at the end of 2022.

For the fiscal year ended March 31, 2022, Disney+ Hotstar, which is operated by Star India-controlled Novi Digital Entertainment, reported a 93% increase in total revenue of Rs3,220.41 crore and a 43% decrease in net loss to Rs343.16 crore.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • DISNEY+ HOTSTAR
  • Entertainment
  • Hotstar
  • OTT Platform
  • Subscriber
  • walt disney
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.