- Disney, a global entertainment conglomerate, experienced a 2% decrease in its total subscriber base for the quarter ending March this year.
- This decline is largely due to Hotstar, a Disney+ streaming service catering to viewers in India and Southeast Asia.
- Hotstar lost 4.6 million subscribers during the quarter.
- JioCinema, owned by Ambani, gained 4.8 million subscribers during the same period.
