No. Sony infact wants to expand its Linear TV business in India hence even showed interest to have JV with Zee and hold majority stake in it.... While Sony is exiting TV Channels business in other markets where OTT offers growth prospect while TV is showing rapid decline due to reasons we have discussed before
Breaking Disney exploring options to sell or join venture Disney Star India Business
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No. Sony infact wants to expand its Linear TV business in India hence even showed interest to have JV with Zee and hold majority stake in it.... While Sony is exiting TV Channels business in other markets where OTT offers growth prospect while TV is showing rapid decline due to reasons we have discussed before
It's not long term strategy for any company, moreover Reliance/Jio entering every sector nowadays with huge investment without any goal. their ship already started sinking, people who associated for long term they're leaving their media company now, nobody want to take loss responsibility on their head.High priced cricket rights are not making profits to any company, but Jio/RIL can absorb with their telecom revenues/tariff hikes
Ashok Varma
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High priced cricket rights are not suited to any company, but this time RIL/Jio bets on IPL & BCCI due to 5G expansion. I think Disney or new entity acquired Disney might get rid of ICC rights soon as less/no ads (Hotstar) even during India matches in Wordlcup 2023 except IndiavsPak game.
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Sony might lost its charm/vision after merger with Zee and Punit Goenka as CEO.
Aksgr
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Disney star sports buisness incurred a loss of $444 million for 3 quaters together. This excludes Disney plus hotstar losses.
During this same period ICC WT20, and IPL telecasted, even though getting high viewership cost of running buisness inverted the profits to loss.
Whereas ESPN reported a profit of $2.8Billion.
For the year end till october 1 the total revenue stood at $1.2Billion with operational loss of $237million.
Star india's linear entertainment channels is not helping disney to cover the losses from star sports and hotstar.
During this same period ICC WT20, and IPL telecasted, even though getting high viewership cost of running buisness inverted the profits to loss.
Whereas ESPN reported a profit of $2.8Billion.
For the year end till october 1 the total revenue stood at $1.2Billion with operational loss of $237million.
Star india's linear entertainment channels is not helping disney to cover the losses from star sports and hotstar.
Just Tv
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I think Viacom 18 will show interest to buy sports content, movie & Bigg Boss content. Bigg Boss rights will make them total franchise owner of BB india. Current V18 having rights of Hindi, Marathi & Kannada versions. And Star having Tamil, Telugu & Malayalam versions. After it all 6 will be bagged by Viacom 18.
Viacom18 some investor/partners like Paramount, Comcast Universal, Warner bros unlikely agree sideline their contents, giving importance to their rival Disney Star in India.
Bro, already Disney-Star has ongoing hindi Dubbed/English Hollywood Movies output deal with both Paramount Pictures and Warner Bros Discovery for their Hindi/English Movie Channels so therebis no such rivalry at play...previously even Universal Pictures had such movie output agreement with Disney-Star
As such Paramount is now a minority shareholder in Viacom18 while Warner Bros Discovery only has content agreement with Jio Cinema and they do not have any stake in Viacom18, even the previously held partnership between Viacom-CBS (Paramount) and Warner Bros for their TV Channel CW in USA now is nearing end
Content Syndication mostly works independent of corporate rivalry barring very few exceptions hence u can see almost all studios apart from tying up with their Parent Company owned TV/OTT Network in India , they have agreements with their rival channels/networks in India to expand revenue generation
Just a correction, $444 mn is total operating loss incurred by Disney-Star for its Sports Business In India and it includes sports segment of Disney+Hotstar.
If u read the article it clearly states "sports business" and not "Sports TV Channels " while mentioning the operating loss and even when u scroll down further it mentions that Star Sports owns rights of various cricket propertiea while highlighting that it only owns TV Rights of IPL thus again signifying that the article covers both TV +Digital sports business of Disney-Star.
Just to explain to members operating loss means that for example company invested 1000 crore in buying rights of sports events, producing shows related to it, transmitting/distribution the same and other logistical costs then earned revenue of Rs 600 crore so 400 Crore would be the operating loss...ofcourse this is just a simple summary there r various components of taxation, depreciation etc which r factored in but overall when company falls short of recovering investment so it comes under operational loss
Hence this is why Star india under Disney took right decision to not further go for buying multiple extremely mostly India Cricket Sporting Properties which though brings great viewership to the channels but not a good financial transaction.... JV in sports business + OTT much needed to compete with Jio Cinema, Sports18 as just like telecom they will try to acquire most watched sports events even at very high cost giving access of the same to viewers free or at less cost to get more subscribers onboard which puts extreme pressure on rival to be able to match up to the same as far as financial part is concerned.....Airtel did well to face all similar challenges put forward by Jio in telecom sector now Disney-Star and Zee-Sony will have to plan on building a plan for this
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