{"id":1284518,"date":"2024-08-20T07:21:21","date_gmt":"2024-08-20T01:51:21","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1284518"},"modified":"2024-08-20T07:21:39","modified_gmt":"2024-08-20T01:51:39","slug":"jiocinema-will-shut-down-merge-with-disneyhotstar-to-become-indias-biggest-ott-platform","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/jiocinema-will-shut-down-merge-with-disneyhotstar-to-become-indias-biggest-ott-platform\/","title":{"rendered":"JioCinema Will Shut Down & Merge With Disney+Hotstar To Become India’s Biggest OTT Platform"},"content":{"rendered":"\n

Reliance Industries Limited (RIL) is reportedly considering a significant shift in its streaming strategy<\/a> by merging Disney+ Hotstar’s content with JioCinema, according to a report by The Economic Times. This move could result in a single, more robust streaming platform under JioCinema, consolidating the vast array of content currently spread across two separate services.<\/p>\n\n\n\n

\"JioCinema<\/figure>\n\n\n\n

The Rationale Behind the Merger<\/h4>\n\n\n\n

Disney+ Hotstar, owned by Walt Disney’s Star India, is one of India\u2019s leading streaming platforms, boasting over 500 million downloads on the Google Play Store. In contrast, JioCinema, owned by Viacom18 (controlled by RIL), has more than 100 million downloads. Despite the disparity in user numbers, RIL sees maintaining two separate platforms as costly and inefficient. By combining them, RIL aims to build a more competitive streaming service that can take on giants like YouTube, Netflix, and Amazon Prime Video.<\/p>\n\n\n\n

This potential consolidation follows a significant merger deal earlier this year between RIL and Walt Disney, in which Star India and Viacom18 joined forces to create a media behemoth valued at approximately $8.5 billion. This new entity would oversee more than 100 TV channels and two streaming services. However, RIL appears to favor operating a single platform, likely under the JioCinema brand.<\/p>\n\n\n\n

Awaiting Regulatory Approval<\/h4>\n\n\n\n

The merger plan is currently under review by key regulators, including the Competition Commission of India (CCI) and the National Company Law Tribunal (NCLT). To alleviate concerns about market dominance, RIL has expressed a willingness to shut down some TV channels, particularly in Hindi and regional markets.<\/p>\n\n\n\n

RIL\u2019s 2023 annual report highlighted that JioCinema had an average of 225 million monthly users, while Disney+ Hotstar recorded 333 million active users in the last quarter of 2023. Despite Disney+ Hotstar’s larger user base, it has seen a decline in paid subscribers, dropping from 61 million at its peak to 35.5 million by June. This drop is attributed in part to losing key content rights, including the Indian Premier League (IPL) and HBO shows.<\/p>\n\n\n\n

JioCinema\u2019s Rapid Growth<\/h4>\n\n\n\n

In contrast, JioCinema has been rapidly expanding, particularly after acquiring the digital rights to the IPL, which resulted in record-breaking viewership on the platform. RIL Chairman Mukesh Ambani emphasized this growth, noting that JioCinema\u2019s success with the IPL demonstrated its capability to attract large audiences quickly.<\/p>\n\n\n\n

If Disney+ Hotstar’s content is integrated into JioCinema, the latter could become India\u2019s largest streaming service, offering over 125,000 hours of entertainment, sports, and Hollywood content. The new platform would include crucial sports rights, such as the IPL, and content from major studios like Disney, HBO, NBCUniversal, and Paramount Global.<\/p>\n\n\n\n

RIL has a history of consolidating platforms, having previously merged services like Voot into JioCinema. Recently, JioCinema was transferred to Viacom18 following a court-approved deal involving a \u20b915,145 crore investment from RIL and Bodhi Tree Systems into Viacom18.<\/p>\n\n\n\n

In summary, RIL’s strategy to merge Disney+ Hotstar with JioCinema reflects a broader trend of consolidation in the streaming industry, aiming to create a more efficient and competitive service in a rapidly evolving market.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Reliance Industries Limited (RIL) is reportedly considering a significant shift in its streaming strategy by merging Disney+ Hotstar’s content with JioCinema, according to a report by The Economic Times. This move could result in a single, more robust streaming platform under JioCinema, consolidating the vast array of content currently spread across two separate services. The […]<\/p>\n","protected":false},"author":30,"featured_media":1284530,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[1089,1458],"class_list":["post-1284518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-disneyhotstar","tag-jiocinema"],"acf":[],"yoast_head":"\nJioCinema Will Shut Down & Merge With Disney+Hotstar To Become India's Biggest OTT Platform - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/jiocinema-will-shut-down-merge-with-disneyhotstar-to-become-indias-biggest-ott-platform\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JioCinema Will Shut Down & Merge With Disney+Hotstar To Become India's Biggest OTT Platform - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"Reliance Industries Limited (RIL) is reportedly considering a significant shift in its streaming strategy by merging Disney+ Hotstar’s content with JioCinema, according to a report by The Economic Times. 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