Shankar was in his role as Chairman and CEO of Star India and President of Walt Disney Asia Pacific only from February 2019. Previously, he was president of 21st Century Fox for Asia.
It has been estimated that the Star business represented $17 billion of the $72 billion that Disney paid to acquire the Murdoch family-controlled 21st Century Fox in 2018. Star has now diversified from pay-TV into streaming, where its Hotstar service is the market leader with an estimated 600 million monthly active users.
Shankar, who is understood to have been made wealthy by many years of share options at Fox, said at the time of resignation that he wanted to “support and mentor a new generation of entrepreneurs” and that he would “partner with global investors and pioneers to achieve this.” He was also recently named as president of industry lobbying body FICCI.
I guess Star Chairman was not happy working UNDER the Mouse House- that's why he formed this venture with old colleague James Murdoch! youngwatts1223 HotstarUpdates
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
James Murdoch, Uday Shankar Partner on Emerging Market Media VentureThe duo, who worked together for years building Star into a dominant pay-TV and streaming player in the Asia Pacific, say they are reuniting to explore technology and media opportunities in the region. I’ve seen how this goes... Part 2 in the Murdoch story of “How We Ended The World” James is the 'good' one.
Source: THR - 🏆 411. / 53 Read more »
What Are James Murdoch and Uday Shankar Planning For Their Media Venture?India's streaming space will not be a target for the new enterprise, Murdoch has said, but a range of other digital sectors that have undergone growth are all on the table, including digital media, online education and health care delivery. Trump TV 24/7?
Source: THR - 🏆 411. / 53 Read more »
James Murdoch & Ex-Disney Chief Uday Shankar Bid To Raise $345M Through SPACJames Murdoch is joining the special purpose acquisition company (SPAC) rush in America, seeking to raise $345 million for his new media and tech venture with Uday Shankar, the former president of …
Source: DEADLINE - 🏆 109. / 63 Read more »
James Murdoch Teams With Ex-Disney Asia Pacific Chief Uday Shankar To Launch Indian Media & Tech VentureSix months after quitting the News Corp. board, James Murdoch is embarking on a new media and tech venture in India alongside Uday Shankar, the former president of The Walt Disney Company Asia Paci… Uh oh.... another Fox News?
Source: DEADLINE - 🏆 109. / 63 Read more »