Reliance Jio Infocomm Ltd’s OTT platform, JioHotstar which is owned by the joint venture created after the merger of the media business of Reliance and the India business of global media giant Walt Disney, has become the second-largest streaming platform.
JioHotstar Gaining The Position Of Second-largest Streaming Platform In India
Akash M Ambani, Reliance Jio Infocomm Ltd Chairman announced that “with a 34% TV market share — equal to the next three networks combined — JioStar is well on its path to serve a billion screens across mobile, TV, and connected devices,” while addressing the AGM of RIL.
With this message, JioStar seems to be continuing on its journey in expanding across the platforms and geographies, reportedly.
Strategically Leveraging Content
Further adding, “We have created an experience that combines the best of content, software and AI through JioHotstar. We always want to push the boundaries.”
The formation of JioStar was a defining moment for India’s media ecosystem and in just a few months, he said.
“we have created a revolution by strategically leveraging content, AI, and technology to reshape how stories are told, delivered, and experienced,” Akash M Ambani added.
Presently, JioStar is offering over 3.2 lakh hours of content — six times more than the next two OTT platforms combined — with 30,000+ hours added every year, Akash Ambani said.
Further adding, “Our advanced AI tools and technology innovations are empowering viewers like never before.”
Mr. Ambani said that as a result “our Media and Entertainment business delivered a record-breaking performance.”
He said it has brought over 600 million users on board within three months. This included over 75 million connected TVs, over the JioHotstar app.
“With 300 million paying subscribers, JioHotstar is now the world’s second-largest streaming platform — achieved entirely in India. This record shows the immense potential of the Indian market,” according to him.
JioStar is perched firmly at the nucleus of spellbinding content and innovative technology.
This is a leading global media & entertainment company that is reimagining the way audiences consume entertainment and sports.
This firm’s television network and streaming service together reach more than 750 million viewers every week.
