Reliance Industries may have just Jio Cinema as OTT platform post merger
8:25 AM
Posted by Fenil Seta

Disney+ Hotstar may get combined with Jio Cinema after Viacom18 & Star India merger
Javed Farooqui (THE ECONOMIC TIMES; August 19, 2024)
Mumbai: Reliance Industries (RIL), which will control the Star-Viacom18 merged entity after regulatory clearances, is leaning toward having only one OTT platform, Jio Cinema, after the merger, said people aware of the matter.
Following the merger, RIL is considering a plan to combine Disney+ Hotstar with Jio Cinema, despite the former having higher downloads, said one of the persons.
Disney+ Hotstar is Walt Disney-owned Star India's streaming service, while Jio Cinema is owned by RIL-controlled Viacom 18.
According to Google Play Store data, Disney+ Hotstar had over 500 million downloads while Jio Cinema had over 100 million downloads.
In February, RIL and Walt Disney signed agreements to combine Star and Viacom18 to create an $8.5-billion media giant that would have had over 100 channels and two streaming platforms.
As reported by ET earlier, the company is also willing to shut channels across Hindi and regional markets to alleviate concerns of the Competition Commission of India (CCI) about the market dominance of the proposed Star-Viacom18 merged entity. The companies are awaiting CCI and National Company Law Tribunal's (NCLT) approvals.
According to RIL's annual report, Jio Cinema had an average monthly reach of 225 million users. In the fourth quarter of 2023, Disney+ Hotstar had 333 million monthly active users, as per Sensor Tower.
Disney+ Hotstar had 35.5 million paid subscribers in June, which is significantly lower than the 61 million that the platform used to enjoy at its peak when it also had content such as the Indian Premier League (IPL) and HBO.
Earlier, RIL-controlled Viacom18 had merged its OTT platforms under the Voot brand with JioCinema. Viacom18 had three OTT platforms-Voot, Voot Select and Voot Kids.
Prior to that, Jio Cinema was transferred to Viacom18 through an NCLT sanctioned scheme of arrangement that also involved RIL and Bodhi Tree Systems infusing Rs. 15,145 crore in Viacom18.
Both Disney and RIL declined to comment.
A second person aware of the development said having a single OTT platform will help in saving costs and building a one-stop OTT destination that will give strong competition to YouTube in the advertising video on demand (AVOD) segment and Netflix and Prime Video in the subscription VOD segment.
"Having two OTT platforms is pointless as it will result in more expenses," the person added.
Once Disney+ Hotstar merges with Jio Cinema, the latter will become the top streaming app in the country with the largest repository of entertainment, sports, and Hollywood content, comprising over 125,000 hours.
It will also have key cricket rights, including the Indian Premier League (IPL), as well as content from Disney, HBO, NBCUniversal and Paramount Global.
"Record viewership of the Indian Premier League on Jio Cinema underscored our ability to scale up audiences on our digital platform in a short time," RIL chairman Mukesh Ambani had said in the company's annual report.
As reported by ET recently, Disney+, Hotstar, and Jio Cinema have been valued higher than their parent companies' linear TV businesses. Disney+ Hotstar was valued at Rs. 16,040 crore, while Jio Cinema was transferred to a Viacom 18 subsidiary for a consideration of Rs. 24,186 crore.
This entry was posted on October 4, 2009 at 12:14 pm, and is filed under
Bollywood News,
Disney+ Hotstar,
Jio Cinema,
Reliance Industries
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