Get all your news in one place.
100's of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Shanthi Rexaline

How Many Subscribers Disney Could Lose Due To Setback In India

In the e-auction for the multi-year rights to the Indian Premier League cricket tournament, a joint venture between Paramount Global (NASDAQ:PARA) and Mukesh Ambani's Reliance Industries won the streaming rights, outbidding incumbent holder Walt Disney Company (NYSE:DIS).

The loss of IPL streaming rights may have cost Disney 20 million subscribers, Bloomberg reported, citing estimates from Media Partners Asia. This could leave Disney+ streaming service facing an uphill task to achieve the global subscriber goal of 260 million by 2024.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.