This story was first published on the Benzinga India portal.
The Walt Disney Company (NYSE: DIS) disclosed its second-quarter earnings on Tuesday, indicating a rough patch for its Indian operations.
According to the regulatory filings, Disney+Hotstar saw a significant decrease in its Indian subscriber base during the first quarter, losing about 2.3 million users. Currently, the streaming platform boasts a total of 36 million subscribers in India. Furthermore, the Average Monthly Revenue Per Paid Subscriber fell by 45%, plummeting to $0.70 from $1.28 reported in the previous quarter. This substantial decrease is primarily due to a ...