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Could National Geographic And The Disney Channel Also Be Shutting Down Across Africa By The End Of 2023?
Last month, it was reported that The Walt Disney Company plans to shutter the remaining linear offering in Hong Kong, Southeast Asia and Korea by the fourth quarter of the year with several content being integrated to Disney+ as the streaming service becomes their top priority.
During the week, it was learnt by Bob Iger, the current CEO of The Walt Disney Company that a possible restructure could be underway for their linear offering which could see some brands under their care being sold to foreign companies if not closed down as seen internationally.
MultiChoice extended their agreement with them for their remaining linear offering through 2024 and this included factual brands National Geographic and National Geographic Wild, sports brands ESPN 1 & ESPN 2 and children's channels Disney Channel and Disney Junior.
It's likely that these channels might be going dark by the end of the year if not later in 2024. Taking to account, the previous terminations: Disney XD closed September 2020 which coincides with the UK's Disney Channels followed by the FOX feeds in Africa, Germany and Asia in 2021.
Another thing, although MultiChoice states these channels will be carried through 2024 it's clearly stated in their 2021 press release that these channels stick around for "another two years" possibly hinting at a December 2023 closure which coincides with Asia.
Although not much has been confirmed on an end date, the blue brands favourite months for such escapades are January, February, June, September and December - kind of seasonal when you look at it.
In the past months, Disney Channel has been promoting a bulk of Disney+ content as well aired rebroadcasts of Walk The Prank and Lab Rats. Disney Junior schedules on the other hand is overcrowded by Bluey with some repeat variety in between.
Marketing for these brands had been downsized with further feeds seen internationally being merged as seen with Disney XD before it's demise.
Disney Branded Television Could Be Put Up For Sale
Disney Exploring Possible Sale Of Indian Business Home To Star Life And Star Select
Walt Disney (DIS.N) is exploring options to sell or find a joint venture partner for its India digital and TV business, a source with direct knowledge said on Wednesday.
The talks are in a "very, very nascent" stage and no potential buyer or partner has been approached so far, and it remains unclear how the process will pan out, the person added.
"Talks have begun internally (on) what makes sense to do," said the source, adding discussions were being driven by executives at Disney headquarters in the U.S.
Disney did not respond to a Reuters request for comment. The company's shares closed up 1.6% on Tuesday.
The Wall Street Journal was first to report news of Disney's talks and said the company had reached out to at least one bank about ways to help the India business grow, while sharing some of the costs.
The discussions come at a time when Disney has faced increasing pressure due to the emergence of Reliance Industries' (RELI.NS) streaming platform JioCinema, run by Asia's richest man, Mukesh Ambani. He has been marketing his streaming platform by offering free access to Indian Premier League cricket tournament, digital rights of which were earlier with Disney.
Research firm CLSA has estimated Disney+ Hotstar's subscriber base shrank by nearly 5 million users in India after it lost the digital rights for IPL.
Reliance's broadcast venture Viacom18, which runs JioCinema, also struck a deal with Warner Bros in April for HBO and other popular content such as Succession. Several of these top rated shows earlier aired in India on the Disney platform.
Viacom18's shareholders include Reliance, Paramount Global (PARA.O) as well as Bodhi Tree, which is a joint venture between James Murdoch and a former Star India executive, Uday Shankar.
Disney's India business comprises the Disney+ Hotstar streaming service and Star India, which it took over when it acquired the entertainment assets of 21st Century Fox in 2019.
The source, who declined to be named as the talks are confidential, said it will be difficult to find an outright buyer in India as the enterprise value of the India business was seen around $15-16 billion when Disney took over Fox's business.
Star India, which was rebranded as Disney Star last year, encompasses dozens of TV channels and a stake in a movie production company.
Disney, like its peers in streaming and the wider media industry, is cutting costs as macro economic headwinds weigh on its advertising revenue and subscriber growth.
In February, the company said it would cut 7,000 jobs as part of an effort to save $5.5 billion in costs in a sweeping restructuring of the company.