JioStar is a new media conglomerate formed by the merger of Viacom18 and Disney Star. It is the largest television and entertainment network in India, running over 100 TV channels and owning two major streaming platforms, Disney+ Hotstar and JioCinema.
Key points about JioStar:
Formation: Formed in November 2024 by the merger of Viacom18 and Disney Star. Ownership: A joint venture between Reliance Industries (56%), Disney Star (37%), and Bodhi Tree Systems (7%).Services: Television broadcasting, films, and online streaming.
Platforms: Disney+ Hotstar and JioCinema. Content: Offers a wide range of content, including movies, TV shows, sports, news, and original programming.
JioStar.com:The official website, JioStar.com, went live on November 13, 2024. It currently displays a “coming soon” message, indicating that the platform is under development. It is expected to launch soon, combining the content libraries of JioCinema and Disney+ Hotstar.
Future of JioStar: JioStar is expected to be a major player in the Indian media and entertainment industry. It has the potential to offer a comprehensive entertainment experience to Indian viewers, combining the best of both worlds from JioCinema and Disney+ Hotstar. However, the future of the platform and its impact on the Indian streaming market remain to be seen.
Additional information:
1. Jiostar is headquartered in Mumbai, India.
2. The company’s revenue for the fiscal year 2024 was ₹185.87 billion (US$2.2 billion).
3. JioStar is expected to compete with other major streaming platforms in India, such as Netflix, Amazon Prime Video, and SonyLIV.