Hindustan Media Ventures to Stop New OTTplay Subscriptions from March 31
Hindustan Media Ventures will stop offering new OTTplay subscriptions from March 31, 2026. The OTTplay business had a FY25 turnover of ₹59.86 Crore (~8% of total revenue) and a negative net worth of ₹38.09 Crore. The closure is due to the inability to meet long-term profitability targets.
The OTTplay business contributed a relatively small portion of the company's total revenue and net worth, suggesting a moderate impact from its closure.
The company is discontinuing a business vertical due to profitability concerns, which is a negative development.
Hindustan Media Ventures Limited (HMVL) announced a strategic decision to cease offering new subscriptions for its OTTplay business effective March 31, 2026. The company's Board of Directors made this decision on March 26, 2026. While new subscriptions will be discontinued, existing subscribers on the OTTplay platform will continue to receive support.
The OTTplay business contributed approximately 8% of HMVL's total revenue in FY25, with a turnover of ₹59.86 Crore. However, the segment reported a negative net worth of ₹38.09 Crore for the same period. The company cited that the expected timeline for achieving sustainable long-term profitability for OTTplay did not meet the required criteria, leading to this decision.
This information is being disclosed as per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and is also available on the company's website.
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Hindustan Media Ventures Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Hindustan Media Ventures Limited. Read the original for the full detail.