Hotstar, the popular online streaming platform of the country, which introduced by the star India which is the popular television network and that has more than a dozen of sports as well as entertainment channels. Well, now the Hotstar as well as star India network is sold to the 21st Century Fox – the Wall Disney company. The deal does not only include Hotstar and Star India channels, as the deal also makes the proud owner of the popular DTH company and that is Tata Sky.
The new owner of the India’s entertainment hub closed the deal for $71 billion, and that’s a pretty decent deal. Apart from the Star India, Hotstar and Tata Sky, the American-based entertainment giant Disney now also owns the majority of Rupert Murdoch’s properties like 21st Century Fox’s film studios which includes Twentieth Century Fox, Fox Searchlight Pictures, Fox 2000 Pictures, Fox Family and Fox Animation. Disney also owns Fox’s TV department, which includes Twentieth Century Fox Television, FX Productions, and Fox21. Furthermore, Disney now owns National Geographic and Fox Networks Group International.
There’s a report which says the deal is closed, but Star India will remain in charge of its business in India, as Star’s high stake in the company will ensure its dominance. In fact, the merged entity will be led by Star India Head Uday Shankar.
What consumers can expect?
The users of the popular streaming service Hotstar can now expect that they will get more attractive and affordable packages for the variety of entertainment packages, because now the online streaming service is under the belt of multinational company and that’s why we can hope that the company will back in a great way to offer more affordable as well as attractive packages and services.
