Hotstar receives funding of Rs 1,136.76 crore from its Indian and US patent company
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Novi Digital Entertainment Pvt Ltd that runs Hotstar has secured Rs 1,113.76 crore from its parent companies Star India Private Limited,India and Star US Holdings Subsidiary LLC, USA. Star India Pvt Ltd has brought shares worth Rs 869.47 crore while the remaining shares worth Rs 244.29 crore has been brought by Star US Holdings Subsidiary. The recently rebranded Disney+Hotstar gained Rs 1,113.76 crores in lieu of 278 crore shares.