Walt Disney is considering options for its digital and TV business in India. Private equity firm Blackstone has engaged in initial discussions regarding acquiring a stake in Disney’s Indian arm.
Disney is actively exploring partnerships or sales for its assets in the fiercely competitive Indian market. Blackstone-backed Candle Media, led by former Disney executives, spearheaded recent talks between the two entities.
Disney is seeking ways to boost its streaming business in India, offering free cricket on smartphones to enhance advertising revenue. The company has also dealt with streaming rights challenges, losing some key cricket tournaments to Indian billionaire Mukesh Ambani’s broadcasting unit.
Efforts to limit password sharing and address subscriber exits are in progress, signaling Disney’s dedication to strengthening its foothold in the Indian market.