IPL Media Rights Holder to shut Fox Sports Asia Channels – The Disney Star parent entity Walt Disney Company is shutting down its Fox Sports Asia pay-television channels later this year.
According to media industry news website ContentAsia Disney plans to close 18 pay-television channels operated by its Fox Networks Group subsidiary in the Asia-Pacific region. These include five sports channels – Fox Sports, Fox Sports 2, Fox Sports 3, Star Sports 1, Star Sports 2 – as well as channels in other genres. The closures were announced to staff at a meeting this morning.
IPL Media Rights Holder to shut Fox Sports Asia Channels: According to SportBusiness the Walt Disney Company will grow its Direct to Consumer offering and will be shutting down the broadcast business in the region.
“As part of The Walt Disney Company’s global effort to pivot towards a direct-to-consumer-first model and further grow our streaming services, the company is consolidating its Media Networks business primarily in Southeast Asia and Hong Kong.
“Effective 1 October 2021, Disney will operate a streamlined television portfolio that covers Chinese language channels (Star Chinese Channel; Star Chinese Movies) and Factual Entertainment (National Geographic Channel; Nat Geo WILD). These efforts will help us align our resources more efficiently and effectively to current and future business needs.”, according to the statement by the Walt-Disney Company.
IPL Global media rights holder Walt Disney to shut Fox Sports & Star Sports Asia channels
IPL Media Rights Holder to shut Fox Sports Asia Channels: It is worth noting that the ongoing IPL 2021 was getting broadcasted on the networks but channels will now cease to exist at the end of this year. The timing of the announcement surprised many, although Disney’s withdrawal from sport and other pay-television genres in the region had looked increasingly likely for some time.
On a global basis, Disney has made its Disney Plus streaming platform the focus of its video entertainment business.
It is not yet clear whether Disney has any future ambitions in sport in the Asia-Pacific region.
IPL Media Rights Holder to shut Fox Sports Asia Channels: Its Indian subcontinent Hotstar streaming platform and Star pay-television platform have strong sports components. In Indonesia, Hotstar and Disney Plus have been rolled out as a combined proposition – Disney Plus Hotstar – although it does not carry sport. In the US, alongside Disney Plus it operates sports streaming app ESPN+. However, ESPN+ has not yet been rolled out in any other markets.