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OTT player Hotstar raises Rs 516cr, to up its game against global players

Novi Digital media owned OTT platform Hotstar has reportedly secured $73.8 Mn (INR 516 Cr) from Star US at a valuation of $265 Mn. The online streaming media giant will use the funds to combat competition from global SVOD giants such as Netflix and Amazon Prime. Currently, Hotstar boasts of nearly 7 lakh paid subscribers. …

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