Disney’s Hotstar loses 8.4 million subscribers as Ambani’s JioCinema ascends

Disney, the global entertainment conglomerate operating a variety of streaming platforms, suffered a 2% contraction in its total subscriber base for the quarter ending March this year. The decline is largely attributed to one specific streaming service: Hotstar.
The Disney+ Hotstar platform, catering to viewers in India and Southeast Asia, lost 4.6 million subscribers during the aforementioned quarter. This marks the second consecutive quarter witnessing a drop in the platform’s subscriber count. Since October of last year, Hotstar’s total subscriber loss has reached 8.4 million, p

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