Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Walt Disney to launch streaming service in India on Friday

Published 03/31/2020, 11:41 AM
Updated 03/31/2020, 11:45 AM
© Reuters. FILE PHOTO: A man looks at his phone as he passes by a screen advertising Walt Disney's streaming service Disney+ in New York, USA

NEW DELHI (Reuters) - Walt Disney Co (N:DIS) will launch its Disney+ service in India on April 3, the company said on Tuesday, intensifying rivalry with Netflix Inc (O:NFLX) and Amazon.com Inc's (O:AMZN) Prime Video in a country where demand for online streaming is surging.

Disney+ will be launched with local partner Hotstar, one of India's key streaming players that played host to HBO super hit show 'Game of Thrones'.

Disney, which acquired Hotstar after its purchase of Twenty-First Century Fox Inc (NASDAQ:TFCF), previously delayed the launch of the service due to uncertainty around the timing of India's Twenty20 cricket league, which has now been postponed until April 15 due to the coronavirus pandemic.

Hostar's parent Star India has the exclusive digital and TV broadcast rights to the cricket league.

The Disney+ Hotstar service will be available in three plans - a basic, ad-supported free plan, a second-rung plan priced at 399 Indian rupees ($5.29) a year and the most expensive at an annual 1,499 rupees ($19.88), which will gives subscribers access to Disney+ original shows as well as American shows from studios such as HBO, Fox and Showtime.

The most expensive plan is a 500-rupee mark-up from Hotstar's premium plan.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.