Disney's Hotstar Domain Renewal Proved Costly For Its India Ambitions - Walt Disney (NYSE:DIS)

Walt Disney Co DIS faced flak after some Disney+ Hotstar users in India faced disrupted services during a famous cricket match between India and Australia.
Hotstar acknowledged it as "unforeseen technical issues" across its apps and web.
Domain registrar records show that Hotstar renewed the domain name, Hotstar.com on February 17, TechCrunch reports.
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DownDetector reported a sudden spike in the volume of complaints surrounding Hotstar on Friday, reaching a peak of 524 at 2:08 a.m.
Around 58% of users could not access the app, 24% failed to access the website, and 19% could not access video streaming.
Disney has already battled several setbacks in the South Asian market.
Hotstar, one of India's leading streaming services, lost the streaming rights of the popular IPL cricket tournament.
The firm could lose the rights to stream HBO shows in the country.
Price Action: DIS shares traded lower by 1.46% at $104.28 on the last check Friday.