Disney explores strategic options for India business - WSJ

📆 12/07/2023 10:32 AM
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Walt Disney is exploring strategic options for its Star India business, including a joint venture or a sale, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

A portion of the signage at the main gate of The Walt Disney Co. is pictured in Burbank, California May 7, 2012. REUTERS/Fred Prouser/File Photois exploring strategic options for its Star India business, including a joint venture or a sale, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

Disney's India business comprises Disney+ Hotstar streaming service and Star India, which it took over when it acquired the entertainment assets of 21st Century Fox in 2019. Hotstar is expected to lose 8 million to 10 million subscribers in its fiscal third quarter, the report added.

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