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Mukesh Ambani’s Reliance to make big announcement on April 25, to unveil a new free…

On April 25, Mukesh Ambani’s company is going to launch a new ad-free package. During the IPL 2024 matches, JioCinema has already begun to tease the new subscription plan.

Mukesh Ambani, whose enormous net worth of Rs 971002 crore makes him the richest person in India. In addition to being the chairman of Reliance Industries, the most valuable company in India with a market valuation of Rs 1995000 crore, he is the owner of Reliance Jio, the largest telecom operator in the country. By spending Rs 23,758 crore, Mukesh Ambani’s JioCinema was able to win the rights to watch IPL games online for five years. This amounts to an annual total of Rs 4,750 crore. IPL 2024 is now available for free viewing on JioCinema, and part of the platform’s content is accessible without a membership. Even though IPL 2024 streaming is free, there are frequently a ton of advertisements in front of the screen.

Mukesh Ambani’s company intends to launch a new ad-free package on April 25 as viewers grow accustomed to watching OTT videos without advertisements. During the IPL 2024 matches, JioCinema has already begun to tease the new subscription plan.

Although things change constantly, your plan doesn’t have to. A fresh scheme. upcoming on April 25. The official JioCinema account on X was teased. Through a variety of creatives, the business is also hinting at a new ad-free membership package. At the moment, JioCinema charges Rs 999 for an annual subscription plan, and consumers may alternatively purchase a Rs 99 monthly plan.

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A sizeable portion of the Rs 4,000 crore in IPL advertising revenue is used to fund the free IPL streaming. With cheaper ad rates offered by Amabni’s JioCinema, more advertisers will be present for a longer period. In addition to advertising, Mukesh Ambani receives payment for data usage. Jio, owned by Mukesh Ambani, is the biggest telecom provider in the nation. Ambani’s Jio makes more money when more people watch the IPL online. Ahead of the 2024 Indian Premier League, Reliance Jio even unveiled customized plans designed to make it simpler for customers to enjoy hassle-free viewing.

Mukesh Ambani’s JioCinema rival gets record 131000000 users in Q4 2023 with help of single feature…

The US, UK, and French pricing rises went more smoothly than the corporation had anticipated, according to its quarterly earnings report.

Mukesh Ambani's JioCinema rival gets record 131000000

Netflix’s crackdown on password sharing has helped it gain more paid users as the streaming giant added more than 13.1 million subscriptions in the fourth quarter (Q4) of 2023 that ended on December 31. Netflix is a key rival of Mukesh Ambani’s JioCinema in India.

The company said in its quarterly earnings that price increases in the US, UK and France went better than it had anticipated.

“We largely put price increases on hold as we rolled out paid sharing. Now that we’re through that, we’re able to resume our standard approach,” Netflix co-chief executive Greg Peters said during a call with analysts.

Peters said the company will continue to monitor other countries and try and assess “when we’ve delivered enough additional entertainment value”.

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“We look at engagement, retention, acquisition as the signals there so that we can go back to members and ask them to pay a bit more to keep that positive flywheel going and we can invest in more great films, series, and games for those members,” he said.

“The summary statement might be back to business as usual”.

The company exited 2023 with 12 per cent revenue growth, up from 6 per cent in 2022, and increased free cash flow to $6.9 billion.

Paid net additions reached 13.1 million in Q4 2023 as compared to 7.7 million in Q4 2022 — the company’s largest Q4 ever. In Q4 2023, operating income amounted to $1.5 billion, up from $0.5 billion in the year ago period.

“For 2023, we generated $7 billion of operating income, up 23 per cent year over year,” said Netflix.

This article is sourced from dnaindia!