We are of the view that Telekom Malaysia's UniFi TV adding Disney+ Hotstar to its subscription would not pose a threat to Astro Malaysia's proposition. Astro still holds more popular franchises on an exclusive basis, like the Premier League, HBO Asia and WWE. It also produces original content. It bears repeating that Astro's main threat is piracy and shrinking income. The group is planning to combat them by refreshing its content proposition.