Investing
Indian billionaire Ambani’s JioCinema unveils pricing in fight with Netflix, Disney
© Reuters. FILE PHOTO: JioCinema logo is seen in this illustration taken April 28, 2023. REUTERS/Dado Ruvic/Illustration
By Aditya Kalra and Aftab Ahmed
NEW DELHI (Reuters) -Indian billionaire Mukesh Ambani’s streaming platform JioCinema announced premium pricing of 999 Indian rupees ($12) a year, its first step to move away from a free content model to fight global rivals such as Netflix (NASDAQ:) and Disney in the country.
The move comes weeks after a Reliance’s Viacom18 struck a content deal with Warner Bros, that will make available popular HBO and Warner titles such as “Succession” and those featuring the character Harry Potter on the JioCinema platform.
The JioCinema website on Saturday showed the new premium pricing for Hollywood content, with the much-awaited Succession series available for streaming.
Several of HBO’s top-rated shows, including Succession, had aired in India on the Disney Hotstar platform until March 31 as part of a deal between the two companies that ended on that date.
JioCinema has become popular for showing the IPL cricket tournament on the platform for free in the ongoing season. The new pricing, according to the website, is only for premium content, while the matches continue to stream for free.
Viacom18 won the IPL digital streaming rights from 2023 to 2027 for around $2.9 billion, rights which Disney previously held.
Ambani has a reputation of disrupting rivals in the price-sensitive Indian market with cheap offers.
Karan Taurani, a senior vice president of India’s Elara Capital specialising in the media and entertainment sectors, said Reliance’s streaming offer price was at the lower end versus rivals that but more content would be needed to succeed.
“Only with pure play HBO content you may not get a large scale (of customers) … 999 definitely is at the lower end of the band, many of the other platforms, they are all in the range of 1,000 plus and it goes up to 2,000” rupees, he said.
JioCinema is in talks with various production studios and has plans to introduce dozens of TV shows and movies on the platform in the coming months, in Hindi and other languages, Reuters reported last month.
Read the full article here
-
Side Hustles5 days ago
United Airlines Adding Starlink, Free WiFi to All Flights
-
Passive Income4 days ago
Reduce Your Business Expenses With This $30 Microsoft Office Alternative
-
Side Hustles6 days ago
There’s a Burnout Crisis in American Workplaces — and This Is the Solution
-
Passive Income6 days ago
Correct Your Spelling Errors on PDFs With This All-in-One PDF Tool
-
Personal Finance5 days ago
Inflation hits 2.5% in August, keeping the Fed on track to lower interest rates
-
Passive Income3 days ago
Sam’s Club Membership Went Down to Just $15 for a Year
-
Side Hustles4 days ago
How to Create and Maintain a Positive and Respectful Work Environment
-
Investing5 days ago
Professionals Can Securely Organize Their Files With This Cloud Storage Solution