When Reliance Jio had announced to show IPL for free on its OTT platform ‘Jio Cinema’, it had defeated the entire market. But now this OTT platform may soon change. Because Reliance Industries has bought Disney Hotstar, its owner is Mukesh Ambani.
After the merger of Star India and Viacom18, now the company has decided to merge Disney Hotstar and Jio Cinema. After this, the name of the new platform will remain Disney Hotstar and Jio Cinema will be changed. After the merger, the company will own about 100 channels and will also have 2 streaming services.
Jio Cinema closed, Disney+ Hotstar on
After the merger, Reliance will also own the forum platform Disney + Hotstar. In such a situation, my media report has revealed that after the merger, Mukesh Ambani‘s company can create a single platform instead of maintaining two separate platforms. According to media reports, after the completion of the merger of Reliance’s subsidiary Viacom 18 and Star India, ‘Jio Cinema’ can be merged into ‘Disney + Hotstar’.
In this way, the company can eventually keep the Disney + Hotstar platform running, whereas Jio can closed down Cinema. Reliance Industries has already done a similar thing. Before Jio Cinema, Viacom 18 had its own OTT platform ‘Voot’, which the company later merged with Jio Cinema.
Whose how many users?
According to the information, Disney + Hotstar has more than 50 crore downloads on Google Play Store, while the number of downloads of Jio Cinema is only 10 crore. Not only this, Disney + Hotstar has 3.55 crore paid subscribers. In such a situation, it has been decided to merge both the platforms so that the users of both the platforms will become one platform whose company will not pay attention to the users on the platform. Now you will be able to watch your favorite shows on this channel.
Reliance and Disney Deal
On August 30, NCLT had approved the merger plan of Reliance Industries with Viacom 18 Media and Digital 18K Star India. Not as it were, the company has gotten nearly all the official approvals. After this deal, the control of the new company Star-Viocom 18 will be with Reliance. Similarly, this new merger will create a big media group, whose valuation can be more than RS 70,000 crore.
