Hotstar operating revenue up 95% in FY19
The company has said in its filings, as per media reports, that the OTT platform set a global benchmark of 18.6 million simultaneous viewers during live streaming of IPL 2019 finals
Hotstar has posted operating revenue of Rs 1112.70 crore for FY19, as per media reports. This is a jump of 95% from the previous financial year for the holding company Novi Digital Entertainments.
According to the company filings cited by media reports, its total expenses have increased to Rs 1,677.51 crore in this financial year.
The company has said in its filings that the OTT platform set a global benchmark of 18.6 million simultaneous viewers during the live streaming of the IPL 2019 finals.
Hotstar claims to offer around more than 100,000 hours of content spanning TV shows, movies, news and live airing of all major sporting tournaments across nine languages. It set a global benchmark of 18.6 million simultaneous viewers on a live stream during the finals of the Indian Premier League 2019, the company said in filings.
In August, exchange4media reported Disney CEO Bob Iger as saying that Hotstar’s services will be expanded to markets across Southeast Asia. In the previous quarter, Iger said, the platform had over 300 million average monthly users.
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