Hindustan Media Ventures Ltd. Discontinues New OTTplay Subscriptions
Hindustan Media Ventures Ltd. announced on March 26, 2026, that it will cease offering new subscription packs for its OTTplay platform, effective March 31, 2026. Existing OTTplay subscribers will continue to be supported.The decision, made by the company's board of directors, comes as the timeline for achieving sustainable, long-term profitability for the OTTplay business does not meet the required criteria.
According to data from the last financial year, OTTplay contributed approximately Rs. 59.86 crore, representing around 8% of the company’s total revenue. The OTTplay net worth for the same period was a negative Rs. 38.09 crore, representing approximately 2% of the company’s total net worth which stood at positive Rs. 1611.49 crore.
| S.No | Particulars | Information |
|---|---|---|
| a) | Date of such binding agreement, if any, entered for sale of such unit/division, if any | Not Applicable |
| b) | Amount & percentage of turnover or revenue or income and net worth of the listed entity contributed by such unit or division during the last financial year | Turnover of OTTplay for FY25: Rs. 59.86 Crore, constituting ~ 8% of Total Revenue of the Company. Networth of OTTplay for FY25: Negative Rs. 38.09 Crore, constituting ~ 2% of Networth of the Company. (Networth of the Company for FY25 is positive ~Rs. 1611.49 Crore) |
| c) | Date of closure or estimated time of closure | New OTTplay subscriptions shall not be offered from March 31, 2026, however the existing OTTplay platform subscribers will continue to be supported |
| d) | Reasons for closure | The expected timeline for achieving sustainable long- term profitability does not meet the required criteria. |
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