DelhiDesk Disney+ Hotstar will be streaming the third season of its original series, City of Dreams, on May 26. The show, co-produced by Applause Entertainment, features Atul Kulkarni and Sachin Pilgaonkar, among others. However, the platform has reported an 8% drop in its subscriber base to 52.9 million in the January-March quarter due to a lower content volume strategy. Furthermore, Disney Star, the media firm owned by the Walt Disney Co, has given up the digital rights to stream the Indian Premier League (IPL) and has removed 144 HBO originals in India. Analysts have estimated a 30% loss of subscribers due to the change in strategy.
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👉 Disney+ Hotstar will stream the third season of its original City of Dreams on 26 May.
👉 Disney+ Hotstar reported an 8% drop in subscriber base to 52.9 million in January-March quarter.
👉 The platform had seen subscriber count dip by 6% to 57.5 million in the October-December quarter.
👉 Average monthly revenue per paid subscriber dipped by 20% from $0.74 to $0.59 for Disney+ Hotstar in Q2.
👉 Disney Star has given up the digital rights to stream the Indian Premier League (IPL).
👉 Disney Star has also removed 144 HBO originals as the company decided against extending its longstanding content deal with Warner Bros.
👉 Media analysts have estimated a 30% loss of subscribers thanks to the change in strategy.
👉 Christine McCarthy, senior executive vice-president and chief financial officer had said during an earnings call.
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👉 Updated: 20 May 2023, 10:25 AM IST.
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