Finlatics’ Post

India becomes third country in revenue per cent growth for Netflix in Q2 Propelled by the popularity of titles such as Heeramandi: The Diamond Bazaar, The Great Indian Kapil Show and Amar Singh Chamkila, India has emerged as the third country in revenue per cent growth for streaming service Netflix in its second quarter. The streamer released its second quarter earnings for 2024 on Thursday evening and Indian content seems to have made significant strides this year alongside popular international shows such as Bridgerton 3, Baby Reindeer, Korean drama Queen of Tears and films such as Hit Man and Under Paris. India and the UK have had especially strong slates this year, according to the streamer. In Q2, India was the second and third country in terms of paid net adds and revenue per cent growth, respectively due to the success of titles like Sanjay Leela Bhansali's Heeramandi: The Diamond Bazaar, which had 15 million views to become the streamer's biggest Indian drama series ever.

Uday Shankar, Vice-Chairperson of Reliance-Disney’s media joint venture, emphasizes that linear television is far from obsolete. Despite the growth of digital streaming platforms like JioCinema and Hotstar, Shankar stresses that linear TV still holds a significant place in India, with over half a billion people engaging with the medium. With powerful brands like Star and Colors, the company is committed to infusing new energy and creativity into the linear TV market. Shankar asserts that linear TV continues to have a strong future, especially as the company works to grow its television franchise alongside its digital platforms. #UdayShankar #relianceindustryltd #jiocinema #jio #hotstar #LinearTV Watch: https://lnkd.in/gSawq_3Z

Reliance In talks with #KaranJohar for a stake in #Dharma: Why is Dharma seeking partners? Once armed with big budgets, heavy star cast, crony arrangements of finance and authority over distribution rights, traditional movie production houses have been pounded with the onslaught of digital streaming & #OTTs. #DharmaProductions almost owned entirely by Karan Johar and family is actively seeking strategic partnerships, which can drive the need for fresh investments. But why is #RelianceJio interested in Dharma Productions? (Abhinav Trivedi explains) Read more: https://read.ht/ScvE

Uday Shankar, Vice-Chairperson of Reliance-Disney’s media joint venture, emphasizes that linear television is far from obsolete. Despite the growth of digital streaming platforms like JioCinema and Hotstar, Shankar stresses that linear TV still holds a significant place in India, with over half a billion people engaging with the medium. With powerful brands like Star and Colors, the company is committed to infusing new energy and creativity into the linear TV market. Shankar asserts that linear TV continues to have a strong future, especially as the company works to grow its television franchise alongside its digital platforms. #businessnews #mukeshambani #Hotstar #TVAndStreaming #indiaentertainmentnews #ViewershipTrends #TelevisionMatters#startv #colorstv Watch: https://lnkd.in/gqcbkvyK

☔ It's kinda raining big-budget movies on OTT isn't it? Crew, a Bollywood blockbuster, just premiered on Netflix India while Malayalam movie Aavesham dropped on AMAZON PRIME whilst it was still in theatres. So why are platforms spending on these? 🔥 Because there's a big battle for your screen time baby! Disney+ Hotstar, Netflix & AMAZON PRIME are at war to capture your views. Especially after JioCinema's genius 💥 ₹29 subscription plan 💥. Reliance has once again proven it knows India’s price sensitivity better than anyone else. I mean, less than a Rupee a day?! 🧐 Jio's not the only pain in their back. Aal izz really not well in the Indian OTT universe 🤒 48 crore users later, OTT platforms are STRUGGLING to survive. Here’s why: 🎢 The pandemic was a trampoline (think - what goes up comes down?) 😵💫 We can't decide what to watch 💸 We don't wanna pay for content 🔄 And yet we demand fresh content regularly! Sounds like all of us, doesn't it? Watch to know more, full video link in comments 👇

Being a tech enthusiast, I'm excited to see the rapid growth of Netflix in the Indian market. The news that India has become Netflix's second-largest market in terms of paid user additions in the June quarter is a testament to the increasing popularity of streaming platforms in the country. This milestone highlights the immense potential of the Indian entertainment landscape and the changing viewing habits of the youth. With a growing middle class, increasing smartphone penetration, and affordable data plans, more and more Indians are embracing the convenience and variety that Netflix offers. The ability of Netflix to cater to diverse content preferences, from Bollywood blockbusters to global originals, has been a key factor in its success. As the platform continues to invest in local productions and expand its content library, I believe the future of streaming in India is incredibly bright. This is an exciting time for the Indian entertainment industry, and I can't wait to see how Netflix, and other streaming giants, continue to shape the way we consume content in the years to come. #Netflix #StreamingEntertainment #IndiaMarket #ContentConsumption #TechInnovation #FutureOfMedia

Netflix India Sees Impressive Profit Surge Amid Rising Revenue and Expenses Netflix Entertainment Services India LLP, the Indian subsidiary of the global streaming giant Netflix, has reported a remarkable financial performance for the fiscal year 2023-24 (FY24). The company’s net profit surged by 49%, reaching INR 52.4 crore, compared to INR 35 crore in the previous fiscal year. This impressive growth is reflective of Netflix's robust strategy in the competitive Indian streaming market, where user engagement continues to flourish. Read More :- https://lnkd.in/gMkHzynm #NetflixIndia #StreamingSuccess #FinancialGrowth #NetProfit #ContentIsKing #DigitalEntertainment #MarketLeader #FiscalYear2024 #UserEngagement #BusinessNews #StreamingIndustry #ContentStrategy #InvestInContent

Missed posting this last week... The streaming video business in India generated 174,000 direct and indirect jobs in 2023. This will rise to 331,000 by 2028. In 2022 data brought 85% of telecom revenues and video drives over 70% of data traffic.   That and more in Media Partners Asia’s latest piece of research. Beyond Screens - Streaming VOD’s Impact on India’s Creative Economy, is a nicely done deep dive into the impact of the growth of online video by Mihir Shah and his team. https://lnkd.in/dUYg6bgx

Netflix has reported significant growth in the Indian market for the second quarter of 2024. According to the company's latest financial results, India has emerged as the second-largest contributor to new paid subscriptions globally. This success can be attributed to Netflix's well-curated content library specifically designed for Indian viewers. The streaming giant also noted that India ranked third worldwide in terms of revenue growth percentage during this period. These figures highlight the increasing importance of the Indian market in Netflix's global expansion plans and demonstrate the company's effective strategy in catering to local tastes and preferences. Netflix Netflix India #netflix #revenue #growth #m18infinity #m18infinitymedia

We didn’t know what binge-watching was until #OTT (over-the-top) media entered our lives. And when it did, we loved it so much that India became the world's fastest-growing OTT market in 2020! As of Q4 2024, #Disney+ Hotstar leads the Indian OTT video market with a 24% market share, followed by #PrimeVideo at 22%, #Netflix at 13%, and the new disruptor, #JioCinema, with a 6% share. The audience for OTT platforms rose by 13.5% in 2023, reaching 480 million (48 crore) people. However, this growth rate was 20% in 2022, indicating a slowdown. What's causing this decline in growth? Is Jio Cinema’s new ₹29 plan going to shake up the industry? Or is it the fact that only 49.6% of viewers are paying subscribers? Join us in this episode of 'Charche Jari Ede' as we delve into the challenges faced by OTT platforms in India and explore potential solutions. 🔔 Don't forget to watch the full video on #youtube. #OTT #JioCinema #Netflix #Hotstar #AmazonPrime #CharcheJariEde #IndianMarket #Streaming #BingeWatching #DigitalMedia #jarapp #kannadacontent