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Tag: reliance

  • India’s richest man wants to turn every TV into a PC | TechCrunch

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    Jio Platforms, the digital arm of Indian conglomerate Reliance Industries, has launched a virtual desktop service for set-top box users. This means that India’s richest man, Reliance’s chairman Mukesh Ambani, hopes to turn millions of TVs in the world’s most populous country into PCs.

    Called JioPC, the service offers a cloud-based PC experience through Jio’s set-top box, which comes bundled for free with the telco’s home broadband service or can be purchased separately for ₹5,499 ($64). Currently in free trial and available via waitlist, users can access the virtual desktop on their TV by plugging in a keyboard and mouse once they receive an invite and set up their account.

    At present, the service has some limitations, including no support for external peripherals, such as cameras and printers. Similarly, it supports open source LibreOffice, which is pre-installed. To use Microsoft Office apps, users need to access them via the available browser.

    That said, Ambani’s move with JioPC looks promising — at least on paper.

    Tarun Pathak, a research director at Counterpoint, told TechCrunch that JioPC is a very effective way for the Mumbai-headquartered company to increase its user base, which already has over 488 million users.

    Around 70% of Indian households have a TV, but only 15% of them own a PC, per Pathak. But Jio Platforms could have its hands full with marketing and explanations. “You need to convince people that you can still use a PC on your TV using the set-top box,” he stated.

    India’s active pay-TV set-top box user base stands at nearly 57 million, per government data. However, the traditional direct-to-home (DTH) TV market is shrinking as more consumers shift to internet-based services. As of March, the active DTH subscriber base had declined by 8% year-over-year, the data shows.

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    Prabhu Ram, vice president of the Industry Research Group (IRG) at CyberMedia Research (CMR), said with JioPC, Jio could onboard new set-top box users from underpenetrated rural and low-income segments.

    “While its potential reach is broad, its success will depend on execution — especially in addressing connectivity gaps and digital literacy — and on its ability to scale beyond early adopters to effectively serve underserved communities,” he noted.

    In Q1, India’s overall PC market experienced over 8% year-over-year growth in shipments, reaching 3.3 million units — marking the seventh consecutive quarter of growth, per IDC. However, PC penetration in the country remains relatively low, lagging behind key markets, including the U.S. and China, mainly due to limited disposable income and the widespread use of smartphones as primary computing devices.

    Pathak stated that for Jio to reach potential PC buyers with JioPC, it would require partnerships with several app developers and productivity solution providers and ensure it has enough productivity apps to make the service valuable for consumers.

    Companies including Microsoft and many other cloud providers have offered virtual desktop services targeting enterprise customers for some time. However, Jio’s move represents the first serious consumer-oriented move, Ram said.

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    Jagmeet Singh

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  • Reliance-Disney India media merger to control 85% of streaming, half of TV audience | TechCrunch

    Reliance-Disney India media merger to control 85% of streaming, half of TV audience | TechCrunch

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    The merger of Indian media assets of Reliance, its portfolio Viacom18 and Disney will create an entity that captures 85% of the country’s on-demand streaming service audience and about half of the TV viewers, analysts said, posing bigger challenges to Netflix, Amazon’s Prime Video, Apple, Sony and Zee.

    The merger, which is scheduled to complete by March of 2025, will have exclusive digital and broadcast rights to some of the key sporting events – including the next four years of popular cricket tournament IPL, flagship ICC events, domestic Indian cricket, FIFA World Cup, Premier League, and Wimbledon.

    Cricket match streaming has been the prime driver of new users for streaming platforms in India. By securing numerous cricket rights, Disney and JioCinema have left rival services with minimal content options to attract fans.

    “The combined new entity captures both digital and TV rights of key cricket sporting events in India, like IPL and ICC matches,” Morgan Stanley analysts wrote in a note Thursday.

    “The 2023-27 IPL broadcasting now sit under the JV – Viacom 18 has digital streaming rights (won for US$2.9bn) while Star has TV broadcasting rights for US$2.8bn. In the IPL 2023, JioCinema streamed matches free for all users, which impacted Hotstar’s earnings. However, with the JV structure, we could see significantly better profitability.”

    Data and image: Bernstein

    The merged unit will also have exclusive India access to Disney’s movies and productions as well as the mouse company’s wide catalog of 30,000 content, the two firms said. It will also be the digital home for content from HBO, Warner Bros, Showtime and NBCUniversal.

    Bernstein analysts estimated that the combined operations of Disney’s Hotstar and JioCinema will have a market leadership within India OTT with about 85% monthly active OTT user base.

    Data, image: BofA

    Star, part of Disney’s India property, commands 41% of the broadcast market in India. Combined with about 8% of the TV market that Viacom18 assumes in India, the merged operations — which will feature over a 100 TV channels — will command about 49% of the broadcasting market.

    The two firms will command 56% of the Hindi-speaking TV audience in the country, according to an analysis by Bank of America analysts.

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    Manish Singh

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  • Bob Iger says Disney would like to stay in India, looking to strengthen hand | TechCrunch

    Bob Iger says Disney would like to stay in India, looking to strengthen hand | TechCrunch

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    Bob Iger said Wednesday that Disney “would like to stay” in India and is considering its options in the world’s most populous country where its TV business continues to pull profit but the crown jewel streamer Hotstar is struggling to contain subscriber loss.

    Hotstar lost 2.8 million subscribers in the quarter ending September, widening its overall loss to about 23 million in a year at a time when the firm continues to attract more consumers to Disney+. Disney+ added nearly 7 million subscribers in the quarter, making its overall subscriber base top 150 million globally, including those from Hotstar.

    The glimmer of hope for Disney is that in the next quarter the company is likely to report a jump in Hotstar’s subscribers count, which currently sits at 37.6 million subscribers – and potentially have a new India partner.

    Hotstar has regained many subscribers and attracted tens of millions of non-paying users back to the platform as they follow the ongoing ICC Cricket World Cup. The company is also inching closer to signing a deal with Reliance to sell the India business, according to Bloomberg, as it looks to pare down losses.

    Iger told analysts Wednesday that the company plans to slash $2 billion more in costs than previously planned as the firm narrows its losses in the streaming business. Disney has projected streaming profitability in about a year.

    Disney’s bigger business in India is the portfolio of a few dozen cable TV channels that it owns in the country. “Our linear business actually does quite well, it’s making money,” said Iger, who returned to Disney as its chief executive late last year, on the earnings call.

    “But we know that other parts of that business are challenged for us and for others. And we are looking, I’ll call it expansively,” he added. “We are considering our options there. We have an opportunity to strengthen our hand.”

    Reliance-backed Viacom18 spending more than $3 billion on cricket rights for a local, but very popular, cricket tournament has disrupted the Indian on-demand streaming market.

    India has emerged as a key market for global technology and entertainment giants in the past decade. But despite its ability to attract a large user base for online services, the country sees a relatively small fraction of these users converting to paying customers.

    “A few years ago, when we asked the International head of a large TV Network business about the company’s performance in India, the executive let out a long sigh and said that the Indian business somehow finds a way to break his heart every year,” MoffettNathanson wrote in a report.

    “We have also learned this first-hand during our time covering the many iterations of Fox/News Corp (FOXA, OP), which owned Star TV India. Despite promises of reaching $1 billion in EBITDA by 2020, the division always fell woefully short due to the constant need to re-invest in key cricket rights or mobile platform development.”

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    Manish Singh

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