Connect with us

Hi, what are you looking for?

BUSINESS

Disney is in talks with Adani and Sun TV to sell Indian assets

On Friday, Bloomberg News reported that Disney (DIS.N) had discussed selling its streaming and television business in India with Indian billionaires Gautam Adani and Kalanithi Maran, as well as private equity companies.

The article stated Disney is considering selling part of its Indian businesses or a mix of assets from the unit, citing sources.

Bloomberg stated the talks are early and an agreement may not happen. The article did not speculate on deal value.

Disney, Sun TV, and Gautam Adani’s Adani group did not reply to Reuters’ request for comment.

Reuters reported in July that Disney was considering selling or partnering with its India internet and TV operations.

Disney is under pressure from Mukesh Ambani’s JioCinema, Reliance Industries’ (RELI.NS) streaming business.

Ambani’s streaming website offers free access to the Indian Premier League cricket championship, which Disney owned digitally.

Disney’s India streaming division, its largest internationally by subscribers, lost $41.5 million on $390 million in sales for the year to March 2022, its last reported numbers.

Disney hopes free cricket on cellphones would raise advertising income and counter a subscriber exodus to resurrect its fortunes in the nation.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

The future of technological innovation is here. Be the first to discover the latest advancements, insights, and reviews. Join us in shaping the future.
SUBSCRIBE

You May Also Like

TECH

Here’s a concise excerpt summarizing Razer’s HyperFlux V2 announcement based on the article: --- **Excerpt from Razer’s Press Release:** *Razer elevates wireless gaming with...

GAMING

**Excerpt:** *Nintendo is shattering tradition with *Mario Kart World*, the upcoming Switch 2 launch title that defies logic by letting players race as a...

AI

Here’s a compelling excerpt from the article that captures its key themes and conflict: --- **Excerpt:** *"Tech titan Elon Musk has stunned Washington by...

News

**Excerpt:** *SpaceX has unveiled its rugged new **Starlink Performance dish**, a high-speed, ultra-durable satellite internet terminal designed for businesses and extreme environments. Priced at...

SUBSCRIBE

The future of technological innovation is here. Be the first to discover the latest advancements, insights, and reviews. Join us in shaping the future.