Disney is reportedly in the early stages of exploring a sale of its India streaming and television business, including assets such as Disney+ Hotstar and sports rights. Potential buyers, including Reliance Industries Ltd., are being considered, although discussions are ongoing and a deal is not guaranteed.
The move comes after Disney lost its streaming rights to the popular Indian Premier League cricket tournament to Viacom18 Media Pvt., a subsidiary of Paramount Global and Reliance. While Disney Star still holds the IPL streaming rights until 2027, there has been a decline in subscribers.
In addition to the potential sale in India, Disney is also said to be considering offers for other assets, including ABC, FX, National Geographic, and part of ESPN. Although the company has denied making a decision to sell ABC, reports suggest that early talks with potential buyers have taken place.
Disney’s statement regarding the potential divestiture of ABC or any other property has clarified that no decision has been made to sell at this time. However, it is clear that the company is exploring strategic options for its linear businesses.
The sale of its India streaming and television business is part of Disney’s broader effort to optimize its portfolio and adapt to changing market dynamics. The company is actively reviewing various options as it seeks to position itself for future growth and success.
Overall, the potential sale of Disney’s India business highlights the company’s commitment to making strategic decisions and exploring new opportunities in the ever-evolving media landscape. It remains to be seen what the outcome will be, but Disney is actively considering its options for the benefit of its stakeholders and continued success.
Sources:
– Bloomberg
