Disney+ Hostar Ultimate Streaming Destination in Southeast Asia: Disney CEO
Chapek on Monday said that Disney+ Hotstar is the “ultimate streaming destination in Southeast Asia and in India” with the Walt Disney CEO also highlighting that Star is the “number one broadcaster” in India. “India’s one of the few markets in the world, where television viewing is actually up,” Chapek said in the Morgan Stanley Technology, Media and Telecommunications Conference. “We’ve got the leading sports portfolio in India, which is, as you know, critically important there. It’s the exclusive home for cricket events and we’re really pleased with the way that business has unfolded in Southeast Asia and India.” As of January 2, 2021, Disney+ is said to have roped in 94.9 million users across the world. In early December, 2020, McCarthy in the Walt Disney investor day conference said that the company expects to have between 230 million to 260 million paid Disney+ users by the end of fiscal 2024. The Walt Disney CFO said that Disney+ Hotstar could account between 30% to 40% of its total subscriber base by the end of fiscal 2024. Chapek on Monday said that the “programming investment in entertainment and sports” that the company is currently making will aid it to reach its guidance numbers. “At the same time, we realize this is a very unique market,” Chapek said. “So we’ve got distribution partnerships, [Reliance] Jio in India, and Telkomsel in Indonesia but it doesn’t even end there because the product localizations are absolutely critical here, because there’s low broadband speeds and it’s a mobile first market.”
Disney+ Hotstar Programs “Very Specific in Various Markets”
Reliance Jio in early June, 2020, announced that its prepaid users with select monthly, annual and data add-on packs will receive a one year complimentary Disney+ Hotstar VIP subscription for no additional cost. “In Asia-Pacific, we teamed with Jio, India’s largest telecom network and the third largest mobile network operator in the world, serving nearly 400 million customers,” Michael Paull, president of Disney+ and ESPN+ at the Walt Disney Company said in the investor day conference. “Together with Jio, we made it simple and convenient for prepaid mobile customers to access Disney+ Hotstar, helping drive rapid growth in India.” Chapek on Monday said that the company is “doing a fairly decent job” in “being very specific in various markets” with respect to the programming content. “This is not a one size fits all and India certainly is sort of the, if you will, the shining example of the need to be unique and cater to that market,” Chapek said. The company in December said that it will release around 10 Marvel series, 10 Star Wars series, 15 Disney live-action, animation and Pixar series directly on its Disney+ platform. Further, it was said that the company will be “adding something new to the service every week” including theatrical releases.
