disney tried something with elliot barbour in 2016 and after —— something alibaba. made no headway whatsoever in china after its failed tie—up with another company and that is the crux of the problem, they need to tie—up with a chinese streaming company. how will these american streaming giants going to compete? i don't think they can. if it were a few years earlier, perhaps because one started out relying on korean dramas. but now they are doing much more in terms of original chinese content and have been quite successful. these companies have millions and hundreds of millions of people who watch them. it is a market that is extremely difficult in terms of regulation and in terms of the competition from chinese companies. there has in yet another signal that the indian economy is sharply weakening. this time it is industrial output data. what do these numbers tell us? what it means is that the indian economic slowdown is that the indian economic slowdown is not just here is that the indian economic slowdown is notjust here to stay but it is deepening. 0utput figure