Apple made historical past by grabbing Hollywood’s most coveted honour, as its unique movie ‘CODA’ gained the Oscar for finest image on the 94th Academy Awards. ‘CODA’ marks the primary time a streaming service has gained the most effective image Oscar, beating rival Netflix to the punch.
Can this make Apple TV+ a family identify in India the best way Netflix or Amazon Prime have turn into?
Whereas Netflix has by no means revealed the variety of subscribers in India, estimates present it may have practically 5 million customers within the nation (in comparison with Disney+Hotstar which has a large about 46 million customers and Amazon Prime with greater than 17 million customers).
Apple TV+ has an almost 1 per cent share within the Indian OTT market (in keeping with Omdia) and to realize extra customers within the nation, it wants to extend its put in machine base because the streaming service is skilled finest on Apple units.
In 2019, the corporate introduced a less expensive Apple TV+ subscription — Rs 99 per 30 days in India — that left the over-the-top (OTT) gamers a bit involved.
Clients who buy a brand new iPhone, iPad, Apple TV, iPod contact or Mac can get pleasure from one 12 months of Apple TV+ without cost.
Nonetheless, the Apple streaming service has miles to go within the nation.
In accordance with consultants, as a way to make deeper inroads into the Indian residing rooms, Apple must promote extra units and create extra desi content material to usher in extra folks into its ecosystem in order that they will get pleasure from Apple TV+.
The Indian leisure scene is witnessing a seismic change with greater than 40 over-the-top (OTT) platforms vying for area as gamers look to distinguish themselves.
Many OTT gamers are additionally investing in constructing their regional content material libraries to fulfill the demand.
Huge capital commitments have been made by OTT platforms for constructing libraries of numerous unique content material during the last couple of years for the Indian viewers.
“Apple’s Greatest Image win for CODA marks a seminal second for streaming platforms. It bolsters Apple’s success in attracting extra richer content material, in addition to extra subscribers to its service. It additionally places a shade on Netflix’s content material struggles,” Prabhu Ram, Head-Trade Intelligence Group, CMR, advised IANS.