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Walt Disney postpones India launch of streaming service

AMERICAN entertainment conglomerate Walt Disney Co has delayed the March 29 launch of its Disney+ streaming service in India, where it was gearing up to open another front against global rival Netflix Inc.

The launch of Disney+ through its local partner Hotstar was timed to coincide with the beginning of the popular Twenty20 cricket tournament, the Indian Premier League, which has now been postponed until April 15 due to coronavirus fears.


California based company said in a statement: "Given the delay of the season, we have made the decision to briefly pause the roll-out of Disney+ and will announce a new revised premiere date for the service soon".

Disney controls Hotstar, which it acquired through the $71 billion purchase of Twenty-First Century Fox in 2019, and the new service would have given it access to hundreds of millions of potential subscribers.

Disney+ Hotstar will have two tiers of pricing, with the premium variant including original programmings like Star Wars TV series "The Mandalorian" and Marvel's "WandaVision" and "Loki".

The service, which debuted in the US on November 12, is expected to launch in Europe next week.

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RUPERT MURDOCH’s attempt to secure control of his media empire for his eldest son, Lachlan, has reportedly failed, according to a US news report on Monday.

The Murdoch family, which oversees influential outlets like Fox News, The Wall Street Journal, and various British and Australian media organisations, has often been compared to the fictional dynasty in the TV series Succession. Like the show, real-life disputes within the Murdoch family have centred on control of the business after Rupert Murdoch’s death.

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India appoints Sanjay Malhotra as new central bank governor

INDIA has appointed Sanjay Malhotra, a senior finance ministry bureaucrat, as the new governor of its central bank, the Reserve Bank of India (RBI).

The announcement was made on Monday, a day before the term of outgoing governor Shaktikanta Das was set to expire.

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AIR INDIA has placed an order for 100 more Airbus aircraft to expand its fleet and enhance connectivity, the Tata Group-owned carrier announced on Monday.

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