Adani will buy Hotstar to compete with Mukesh Ambani, competition to buy app in India
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JioCinema is currently doing great work in terms of video streaming apps. Due to which the troubles of Degree Plus Hotstar have started increasing. In such a situation, the company is going to sell its business in India. According to the report, Disney Plus Hotstar can be bought by veteran businessman Gautam Adani. According to news agency Reuters, Disney Plus Hotstar is in talks with Gautam Adani for the last few days.
Along with this, talks are also going on with Sun TV Network owner Kalanithi Maran. It is believed that Disney Plus Hotstar is considering potential partners and selling the business. Let us tell you that the subscribers of Disney Plus Hotstar have been decreasing for a long time. In such a situation, the company wants to exit India.
Disney Plus Hotstar was a big platform for streaming videos of sports events, due to which the company was getting huge profits. But last year, Jio has spoiled the game of Disney Plus Hotstar by free streaming of FIFA World Cup and cricket matches. However, once again Disney Plus Hotstar has tried to save the business by acquiring the rights of Asia Cup and Cricket World Cup. But still the company has to broadcast live cricket matches on mobile for free.
If Gautam Adani or Kalanidhi Maran acquires ownership of Disney Plus Hotstar. So it will compete directly with GeoCinema. In such a situation, Mukesh Ambani’s troubles may increase. But common users can benefit from this, because cheap subscriptions can be offered by both the companies.
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