The Indian Premier League (IPL) proved a winner for streaming giant Disney+, which added nearly 8 million new subscribers worldwide in the March quarter — half of them courtesy Disney+ Hotstar, which operates in India and other Asian countries.
Rival Netflix, meanwhile, saw an erosion in its global subscriber base for the January-March 2022 period.
In an earnings call on Thursday, the management of the Walt Disney Company, which owns streaming platform Disney+, said that its Disney+ Hotstar service had contributed to over half of the new global subscribers in the March quarter. This was led by the IPL, the television and