Disney Lowers Disney+ Hotstar Subscriber Target Amid Uncertainty in India
variety.comCynthia Littleton Business EditorThe loss of streaming rights to Indian Premiere League cricket has spurred the Walt Disney Co.
to lower its subscriber target for its Disney+ Hotstar service in India.Christine McCarthy, Disney’s chief financial officer, disclosed the new guidance Wednesday during the company’s fiscal third quarter earnings conference call with Wall Street analysts.
McCarthy also revealed that Disney will now offer subscriber updates and target predictions for Disney+ Hotstar that are separated out from Disney+, in part because Disney+ Hotstar is a different service that includes sports rights and other content not found on Disney+ in other territories.Despite the warning about a slowdown in India, Disney reaffirmed its global subscriber target for Disney+ as being 230 million to 260 million worldwide by the end of its fiscal year 2024, or the end of September 2024.
It also reaffirmed that the target for core Disney+ subscribers (not including Disney+ Hotstar) remains 135 million to 165 million by the close of fiscal 2024.
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