Disney Selling Off $10 Billion Part Of Their Business

image credit : Google

Disney plans to sell its $10 billion Indian operations to rival Reliance Industries, instead of a segmented approach.

image credit : Google

Reliance's Viacom18 broadcasting venture and JioCinema streaming platform have significantly impacted Disney's business in India's digital entertainment sector.

image credit : Google

Reliance estimates Disney's Indian assets, including Disney+ Hotstar and Star India, at $7- $8 billion, a significant increase from the $15-$16 billion valuation of Fox's India operation.

image credit : Google

JioCinema, owned by Reliance, has disrupted the Indian streaming market by providing free access to the popular Indian Premier League cricket tournament.

image credit : Google

Disney+ Hotstar, launched in India on April 3, 2020, merges original content with Hotstar's existing shows and movies, establishing it as a significant player in the Indian streaming market.

image credit : Google

Hotstar boasts over 100,000 hours of drama and movies in 17 languages and covers every major sport. In 2020, the service had more than 300 million monthly active users.

image credit : Google

मात्र 20 सेकण्ड्स में चार्ज हो जायेगा ये इलेक्ट्रिक स्कूटर