disney
Reliance-owned JioHotstar set for international debut to bank on Indians’ overseas presence
JioHotstar, the Indian streaming platform that was formed post Reliance’s acquisition of Disney’s India assets, is set to debut in international markets. Considering the streaming platform’s heavy India-leaning…
Disney will invest $1Bn on OpenAI, brings iconic characters to Sora AI platform
Disney is making its biggest AI bet yet, investing $1 billion in OpenAI and signing a three-year licensing deal that allows the ChatGPT maker to use Disney’s vault…
Disney and Universal file lawsuit against Midjourney for illegally using content to train AI
Disney and Universal have filed a lawsuit against Midjourney, the artificial intelligence (AI) company known for generating images based on text prompts. The lawsuit was submitted to the…
Disney+ Hotstar sees minor subscriber drop in Q3, uptick in revenue per user
Disney+ Hotstar, Walt Disney’s streaming service for India, reported a drop of half a million paid subscribers for the third quarter ending June 2014. This decline brings the…
Disney to invest $1.5Bn in Fortnite maker Epic Games
Disney is making strides into the gaming landscape, with the entertainment conglomerate announcing its intention to invest a substantial $1.5 billion in Epic Games, the powerhouse behind the…
Reliance-owned Viacom18 set to acquire 60% stake in Disney India for $3.9Bn: Report
It seems Disney India’s acquisition with Mukesh Ambani-owned Viacom 18 is finally coming in to fruition. Viacom 18, a subsidiary of Reliance Industries Limited (RIL) and a venture…
Reliance well in position to acquire controlling stake in Disney’s India assets
In a significant development, Mukesh Ambani’s Reliance Industries Ltd. is on track to acquire the India operations of mass media and entertainment giant Walt Disney. According to several…
Disney to cut 2,500 jobs, part of previously announced restructuring plan
In a recent development, media and entertainment giant Disney is set to undergo a third wave of layoffs, with more than 2,500 employees expected to be affected. The…
Disney+ Hotstar loses over 8 million subscribers in six months, JioCinema ascends with IPL streaming
Even though its streaming losses narrowed during the fiscal second quarter, global entertainment giant Disney could not help but continue to lose subscribers during the same period. For…
Mass layoffs at Disney as COVID streaming boom subsides
With the streaming boom coming to an end and a sizeable quarterly drop in subscriptions, Disney has opted for a sweeping corporate restructuring plan as it looks to…
Disney surpasses Netflix with 221Mn streaming subscribers, Disney+ adds over 14Mn new subs in Q3 FY22
The fortunes of streaming services Netflix and Disney+ could not be more different. While the former seems to be on a subscriber losing spree by the quarter along…
Reliance owned Viacom18 bags IPL digital streaming rights for $2.6Bn, Disney’s Star India gets India TV rights for $3Bn
The IPL is the golden egg of the BCCI – unarguably the crown jewel of world cricket . And if there were any doubts about that, they are…
Q4 2021 less kind to Disney+, subscriptions on the decline
People have flocked in the millions to online platforms after the pandemic prevented them to go to cinema halls and watch their favorite movies. This has been to…
Disney+ Hotstar now makes up for almost 40% of Disney+’s 116 million subscriber: Q3 report
With a host of exciting new shows to come, Marvel Studios’ schedule is packed. Disney+, the streaming service of the world’s largest entertainment company Disney, already hosts some…
Disney+ crosses 73 million paid subscribers in an year of launch
The COVID-19 pandemic might have been problematic for several businesses around the world, however, there are some for whom it came as a blessing in disguise. The Walt…
Star and Disney India boss Uday Shankar steps down
The Walt Disney Company’s president of the Asia-Pacific operations-Uday Shankar, has stepped down from all positions in the company including Chairmanship at Star India and Disney India. He…
Disney+ introduces GroupWatch feature for a social viewing experience
With the COVID 19 global pandemic bringing in-person socializing to a complete stop, trips to movie theatres have become a pretty dangerous affair. Thus, people have turned to…
15 OTT platforms including Netflix, Amazon Prime and Disney+Hotstar sign new self-regulation code
Long-drawn efforts to stay away from the Indian Censorship Board to regulate content on OTT platforms have finally paid off. 15 OTT platforms operating in India, have come…
Disney’s revenue falls, but Disney+ manages to reach 60.5M subscribers within nine months of launch
The Walt Disney Company announced its quarterly earnings today, and it was pretty much along expected lines. Revenues, EPS, profits all declined significantly, owing to lockdown across the…
Tiktok gets Disney’s Kevin Mayer as its new CEO
Tiktok is announcing a major executive reshuffle today. The Chinese short form social media platform has onboarded Disney’s Kevin Mayer as its new CEO. Mayer earlier served as…
Disney+ now has 54.5 million subscribers
Disney on Tuesday unveiled that it had surpassed 54.5 million Disney Plus subscribers across the world. With COVID-19 hitting the global market, the impact of the same has…