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<\/span><\/figcaption><\/figure>By Shilpa Jamkhandikar, Aditya Kalra and Munsif Vengattil<\/strong>

MUMBAI: The video streaming business of Mukesh Ambani<\/a>, Asia's richest person, is likely to focus on pricing and local content following a deal with Warner Bros as it seeks to challenge the likes of Disney and Netflix, industry sources said.

Under the content deal announced on Thursday, popular series from HBO and Warner Bros, such as Harry Potter and Succession, will be available from next month on the JioCinema<\/a> platform, which Ambani's Viacom18 has promoted for weeks by offering popular IPL cricket matches for free.

A pricing strategy for Jio<\/a>Cinema is still under discussion internally, an industry source said, but Ambani has a reputation of disrupting rivals in the price-sensitive Indian market with cheap offers. In 2016, he offered mobile data for free, making his Jio telecom service India's top player. He is adopting a similar strategy to promote his consumer goods to rival Coca-Cola and Nestle.

Viacom18, the broadcast division of Ambani's Reliance Industries, didn't immediately respond to a request for comment. Its shareholders also include Paramount Global as well as Bodhi Tree, a joint venture between James Murdoch and former top Disney executive, Uday Shankar.

The Warner deal, industry executives and media analysts said, will boost Viacom18's already announced plans to \"innovate and disrupt\" the sector, and help to attract the premium English speaking audience in India.

At stake is a slice of a video streaming market that is expected to grow annually by 22%-25% to reach $13-$15 billion by 2030, according to a 2021 report by Indian lobby group CII and the Boston Consulting Group.

That compares with projected annual growth of 8.63% in the U.S. market, which is expected to hit $54.66 billion by 2027, according to Statista.

While Netflix and other rivals boast of content specially created for the India audience, JioCinema's current free offerings largely include old Hindi and local language movies. In sports, it has IPL cricket streaming rights until 2027 and in March bagged exclusive rights for MotoGP in India.

The big challenge is lack of fresh local and global content on JioCinema, something that will be become even more critical as the IPL season ends next month.

JioCinema is in talks with various production studios and has plans to introduce dozens of TV shows and movies on the platform in the coming months, in Hindi and other languages, a second industry source told Reuters on Friday.

\"JioCinema<\/a><\/figure>

JioCinema to get content from Warner Bros, HBO in India after major deal<\/a><\/h2>

Warner Bros Discovery and Viacom18 have signed a multi-year deal in India that will enable streaming of HBO, Max Original, and Warner Bros content on the JioCinema application, according to a joint statement released on Thursday.<\/p><\/div>

\"\"
<\/span><\/figcaption><\/figure>By Shilpa Jamkhandikar, Aditya Kalra and Munsif Vengattil<\/strong>

MUMBAI: The video streaming business of Mukesh Ambani<\/a>, Asia's richest person, is likely to focus on pricing and local content following a deal with Warner Bros as it seeks to challenge the likes of Disney and Netflix, industry sources said.

Under the content deal announced on Thursday, popular series from HBO and Warner Bros, such as Harry Potter and Succession, will be available from next month on the JioCinema<\/a> platform, which Ambani's Viacom18 has promoted for weeks by offering popular IPL cricket matches for free.

A pricing strategy for Jio<\/a>Cinema is still under discussion internally, an industry source said, but Ambani has a reputation of disrupting rivals in the price-sensitive Indian market with cheap offers. In 2016, he offered mobile data for free, making his Jio telecom service India's top player. He is adopting a similar strategy to promote his consumer goods to rival Coca-Cola and Nestle.

Viacom18, the broadcast division of Ambani's Reliance Industries, didn't immediately respond to a request for comment. Its shareholders also include Paramount Global as well as Bodhi Tree, a joint venture between James Murdoch and former top Disney executive, Uday Shankar.

The Warner deal, industry executives and media analysts said, will boost Viacom18's already announced plans to \"innovate and disrupt\" the sector, and help to attract the premium English speaking audience in India.

At stake is a slice of a video streaming market that is expected to grow annually by 22%-25% to reach $13-$15 billion by 2030, according to a 2021 report by Indian lobby group CII and the Boston Consulting Group.

That compares with projected annual growth of 8.63% in the U.S. market, which is expected to hit $54.66 billion by 2027, according to Statista.

While Netflix and other rivals boast of content specially created for the India audience, JioCinema's current free offerings largely include old Hindi and local language movies. In sports, it has IPL cricket streaming rights until 2027 and in March bagged exclusive rights for MotoGP in India.

The big challenge is lack of fresh local and global content on JioCinema, something that will be become even more critical as the IPL season ends next month.

JioCinema is in talks with various production studios and has plans to introduce dozens of TV shows and movies on the platform in the coming months, in Hindi and other languages, a second industry source told Reuters on Friday.

\"JioCinema<\/a><\/figure>

JioCinema to get content from Warner Bros, HBO in India after major deal<\/a><\/h2>

Warner Bros Discovery and Viacom18 have signed a multi-year deal in India that will enable streaming of HBO, Max Original, and Warner Bros content on the JioCinema application, according to a joint statement released on Thursday.<\/p><\/div>