The latest capital infusion comes at a time when the company is nearing profitability, which is expected by the end of FY 2024
Subscription service
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Disney + Hotstar
Disney+ Hotstar loses highest ever number of subscribers at 12.5mn in Q3
This is the third consecutive quarter in which the video streaming service has lost subscribers
digital subscription
Meta launches paid verification service for Facebook and Instagram
Meta Verified rolls out in Australia and New Zealand and will cost $11.99 per month on web and $14.99 per month on iOS
Netflix
Netflix launches crackdown on password sharing, users to face bans
Netflix users in these countries will now be charged