Muvi Blogs

Beyond The Buzz- Latest Insights From Muvi

Please wait while we enable your Account

0%

Contacting Amazon Web Services
Deploying Cloud Servers, Storage, Transcoding & Database Servers
Deploying Global CDN
Deploying Firewall & Enabling Security Measures
Deploying the CMS & Admin Module
Deploying Website, Mobile & TV Apps framework
Creating your FTP account
Finishing up all the modules
Preparing for launch

Novi Digital which runs Hotstar posts net loss for FY17 25 April 2018

Novi Digital Entertainment, the parent company of online video streaming service Hotstar has reported a 20% rise in losses for FY17 to INR 489 crore. According to reports, the VOD platform has witnessed a 79% increase in revenues in FY17 to INR 320 crore. The subscription revenues increased 5 times to INR 129.5 crore between FY16 and FY17, while revenues from advertising grew at a moderate pace of 24.4% to INR 168 crore.

Hotstar is the most popular online video streaming service provider among the Indian OTT platforms currently with a whopping 75 million active users. It tunes into the content that Star Network provides through the platform. A source was quoted, “Hotstar’s subscriber base has seen a significant jump, the company had over 30 million users in August 2016 and hit over 60 million users in August 2017”.

Hotstar competes directly with international SVOD service providers like Amazon Prime Video and Netflix, among a host of other OTT players.

 

Don't forget to share this post!


Latest Posts

Try Muvi One free for 14 days

No Credit Card Required

.muvi.com
Your website will be at https://yourname.muvi.com, you can change this later.

Related Blogs
Why Should You Launch Your Own Branded Smart TV App in 2023?

Why Should You Launch Your Own Branded Smart TV App in 2023?

  Video streaming is a rapidly growing industry, with more and more consumers choosing to cut the cord and stream...

06 February 2023
What is an Online Video Platform (OVP)? Definition, Meaning and How It Works?

What is an Online Video Platform (OVP)? Definition, Meaning and How It Works?

  Online video consumption is rapidly growing and becoming more popular these days. The use cases for online video in...

06 February 2023
Connected TV (CTV) Advertising: All You Need To Know

Connected TV (CTV) Advertising: All You Need To Know

  Connected TV (CTV) advertising refers to the practice of delivering video ads to viewers on internet-connected televisions (TVs), rather...

31 January 2023
How to Develop Your Own LG TV WebOS App Without Coding?

How to Develop Your Own LG TV WebOS App Without Coding?

  In 2021, LG TVs held an 18.9% share of the global television market. We don’t need to tell you...

20 January 2023
OTT Business Model 2023 - How OTT Platforms Make Money?

OTT Business Model 2023 - How OTT Platforms Make Money?

  Are you eager to know about How OTT platforms make money? In this blog, we will discuss how OTT...

18 January 2023

Try Muvi One
Free for 14 days

Launch your Multi-Screen Streaming Service
Instantly
START FREE
close-link