The report stated that options include a joint venture or a sale. WSJ further reported, citing people familiar with the matter that Disney has talked to at least one bank about ways to help the India business grow, while sharing some of the costs. At the time, Star India was considered one of Fox’s crown jewels. However, after Disney lost a bidding war for the IPL streaming rights to Viacom18, the business fortunes changed. Quoting people familiar with the matter, the WSJ report stated that Hotstar is expected to lose 8 million to 10 million subscribers in its fiscal third quarter.

Source: Wall Street Journal July 12, 2023 12:37 UTC