Walt Disney’s BVVOD paid Rs 178.13 for acquisition of Hotstar’s US biz

Star India-controlled Novi Digital Entertainment, which operates the Disney+ Hotstar streaming platform, sold its US business to Buena Vista Video on Demand (BVVOD), a unit of Walt Disney, for Rs 178.13 crore.

Disney+ Hotstar, which was called Hotstar in the US, exited the market in 2021. Walt Disney’s BVVOD is a leading distributor of movies in the Video-On-Demand arena.

According to Novi Digital Entertainment’s FY22 filing sourced by Tofler, the company also received Rs 41.59 crore due to write-back of deferred income relating to Hotstar US subscribers taken over by BVVOD.