Walt Disney owned video on demand platform Disney+ announced during an earnings call on Thursday that Disney+ Hotstar contributes almost 40% subscribers to its overall subscribers base. Disney+ has 116 million subscribers globally as of July 3, 2021.
“Disney+ Hotstar accounted for the majority of our net subscriber additions between Q2 and Q3, making up a little less than 40 per cent of our total Disney+ subscriber base as of the end of the third quarter. However, subscriber growth was also solid at our core Disney+ markets, excluding Disney+ Hotstar, with total quarter-over-quarter net adds in those markets consistent with net adds from Q2.” Christine McCarthy, senior executive vice-president and chief financial officer at Disney, said during the earnings call.
“When you think about Disney+ Hotstar, IPL (Indian Premier League) is certainly a very important component of the offerings, but we also have a very broad portfolio of general entertainment (shows and movies) as well as other sports. It has a lot of original…as well as library content from all of the Disney+ brands and IPs. And we’ve added over 18,000 of original local programming every year,” she added.
In 2021, Disney+ Hotstar was launched in Hong Kong, Thailand and Singapore. The OTT platform will be launched in the Philippines and Japan later this year.