The move comes as part of the $8.5 billion merger between Reliance and Walt Disney's media assets in India, announced in February 2024. As a result, JioCinema, Reliance's current streaming service, would join with Disney+ Hotstar to develop a single streaming platform for the two companies. Jio Cinema has barely 100 million downloads on the Google Play Store, compared to over 500 million for Disney+ Hotstar. In February, Reliance and Walt Disney inked the Viacom18 and Star merger deal. In the fourth quarter of 2023, Jio Cinema had about 225 million monthly customers, while Disney+ Hotstar had 333 million members, according to Reliance's annual report.

Source: dna October 20, 2024 14:07 UTC