Disney+Hotstar narrows FY20 net loss to Rs 361.8 crore; income up 45%

MUMBAI: Novi Digital Entertainment, the holding company of video streaming service Disney+Hotstar in India, has narrowed its net loss for the financial year ended March 31st, 2020, on the back of a 45% jump in revenues.

As per the company’s filing with the registrar of companies, Novi Digital’s net loss for the fiscal was at Rs 361.8 crore, down from a net loss of Rs 554.38 crore in FY19.