Disney+ Hotstar now has 58.4 million paid subscribers and boosts Disney+ to 152.1 million

Disney+ Hotstar now has 58.4 million paid subscribers and boosts Disney+ to 152.1 million

Disney+ Hotstar now has 58.4 million paid subscribers and boosts Disney+ to 152.1 million

Disney+ Hotstar now has 58.4 million paid subscribers, bringing Disney+’s global subscriber base to 152.1 million. This implies that Disney+ Hotstar’s contribution to the global Disney+ subscriber base now stands at almost 38%. Disney+ added 14.4 million new subscribers at the end of the fiscal third quarter, reaching a total of 93.6 million international memberships in July. This amount excludes Disney+ Hotstar, which was up 30% from last year.

“Chez Disney+ Hotstar, le nombre d’abonnés a augmenté de plus de 8 millions alors que la[IndianPremierLeagueaconclusa15esaisonaucoursdutrimestre”adéclarélevice-présidentexécutifetdirecteurfinancierdeDisneyLePDGdeDisneyBobChapekaajouté:«Nousavonseuunexcellenttrimestreavecnoséquipescréativesetcommercialesdeclassemondialequiontgénérédesperformancesexceptionnellesdansnosparcsàthèmenationauxuneforteaugmentationdel’audiencedessportsendirectetunecroissancesignificativedesabonnésànosservicesdestreamingAvec144millionsd’abonnésDisney+ajoutésaucoursdutroisièmetrimestrefiscalnouscomptonsdésormais221millionsd’abonnementsautotalsurnosoffresdestreaming[IndianPremierLeagueconcludedits15thseasoninthequarter”Disney’sseniorexecutiveVPandchieffinancialofficerDisneyCEOBobChapekadded:“Wehadanexcellentquarterwithourworld-classcreativeandbusinessteamspoweringoutstandingperformanceatourdomesticthemeparksbigincreasesinlive-sportsviewershipandsignificantsubscribergrowthatourstreamingservicesWith144millionDisney+subscribersaddedinthefiscalthirdquarterwenowhave221milliontotalsubscriptionsacrossourstreamingofferings”[IndianPremierLeagueaconclusa15esaisonaucoursdutrimestre”adéclarélevice-présidentexécutifetdirecteurfinancierdeDisneyLePDGdeDisneyBobChapekaajouté:«Nousavonseuunexcellenttrimestreavecnoséquipescréativesetcommercialesdeclassemondialequiontgénérédesperformancesexceptionnellesdansnosparcsàthèmenationauxuneforteaugmentationdel’audiencedessportsendirectetunecroissancesignificativedesabonnésànosservicesdestreamingAvec144millionsd’abonnésDisney+ajoutésaucoursdutroisièmetrimestrefiscalnouscomptonsdésormais221millionsd’abonnementsautotalsurnosoffresdestreaming[IndianPremierLeagueconcludedits15thseasoninthequarter”Disney’sseniorexecutiveVPandchieffinancialofficerDisneyCEOBobChapekadded:“Wehadanexcellentquarterwithourworld-classcreativeandbusinessteamspoweringoutstandingperformanceatourdomesticthemeparksbigincreasesinlive-sportsviewershipandsignificantsubscribergrowthatourstreamingservicesWith144millionDisney+subscribersaddedinthefiscalthirdquarterwenowhave221milliontotalsubscriptionsacrossourstreamingofferings”

Disney+ Hotstar is categorized as an international channel and the report notes a 7% increase in revenue, up to $1.5 billion (about Rs. 11,901 crore). However, operating profit was comparable to the prior year quarter at $0.2 billion (approximately Rs 1,587 crore), reflecting an overall decline in revenue from chains that had been operating since 2021. According to the report Financially, the decline in results was mainly due to an increase in sports program costs.

In India, this would be heading towards the 64-game Indian Premier League (IPL), which absorbed much of the programming and marketing costs. The previous year’s quarter had only 29 matches. IPL matches typically take place during Disney’s fiscal second and third quarters, but the amount has increased this fiscal year due to a schedule change, due to the COVID-19 pandemic. “The increase in the number of matches in the current quarter was due to a change in the previous year’s match schedule from the third quarter to the fourth quarter due to COVID-19 and the IPL adding matches to the current season,” it reads. The IPL 2021 took place from April 9 to May 6. Meanwhile, the 2022 edition started on March 26 and ended on May 29.

Disney also notes that the average monthly revenue per paying subscriber at Disney+ Hotstar has increased from $0.78 (about Rs.62) to $1.20 (about Rs.95). A Disney+ Hotstar Super subscription in India costs Rs. 899 per year, with ads, offering a 1080p experience. Premium subscription costs Rs. 1,499 with no ads and support for 4K resolutions. Disney+ Hotstar also offers a mobile subscription at Rs. 499 per year.

Similar to India’s Super Subscription, Disney+ plans to launch its cheaper, ad-supported subscription offering in the United States. The launch will introduce a comprehensive roster of subscription plans across Disney+, Hulu, ESPN+ and the Disney Bundle, “giving viewers ultimate flexibility to choose an option that suits their needs.”

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