Disney Star Sports reports Rs 5200 crore revenue for 9 months

The unit also reported losses of Rs 3600 crore

by Team PITCH
Published - October 20, 2023
1 minute To Read
Disney Star Sports reports Rs 5200 crore revenue for 9 months

Walt Disney’s India business Disney Star has reported a revenue of Rs 5200 crore in nine months. However, Disney Star has reported losses of Rs 3600 crore in the period.

According to a report filed by the company on October 18, during the nine-month period, Disney Star had various sporting events on its network, including the Indian Premier League (IPL) in April-May, the ICC T20 World Cup in October-November, and a slew of India's home international matches.

Walt Disney has announced that it will break out its sports programming revenue from the fourth quarter onwards. The company has said it will report its financial results in two segments: entertainment and sports. The move comes after a restructuring of the company announced earlier this year, the media firm said on Wednesday.

Sports will include ESPN and ESPN, Star-branded sports channels in India, and fee earned from licensing sports content. On the other hand, the entertainment segment will include its linear networks, streaming services, and revenue earned from licensing films and television content.mm

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