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Three out of ten paid subscribers of Walt Disney’s streaming video service are in India, where it operates Disney + Hotstar, the entertainment conglomerate’s quarterly earnings report showed.
Disney + Hotstar has approximately 25 million paid users out of Disney’s total of 94.9 million, the company said. However, the figure also includes Indonesia, where the service has about 2.5 million subscribers.
[ Opening a High-Yield Anonymous Offshore Bank Account With the Best Savings Interest Rates , plus many International Banking Features like Instant Offshore Account and High Interest Rates ]In March 2020, Hotstar, the Star network’s video streaming service, was rebranded as Disney + Hotstar in India and a few other Asian markets. Elsewhere, the service is known as Disney +.
Meanwhile, rival US streaming giant Netflix could close 2020 with 4.6 million paid subscribers in India, according to a recent analysis by Media Partners Asia (MPA), an independent provider of research, advisory and consultancy services in the media, telecom, sports and entertainment industries. in Asia Pacific. Amazon Prime Video subscriber base is estimated at 17 million by MPA.
Walt Disney reported revenue of $ 1.62 billion for the quarter ended January 2. However, there is a downside to the subscriber base growth, much of which comes from unpaid users in Asia. That has led to a drop in average revenue per user (Arpu), which fell 28% this quarter to $ 4.03 for the service in all markets.
