Six months after retiring from the News Corp. board of directors. James Murdoch launches a new media and technology company in India with Uday Shankar, former President of the Walt Disney Company in Asia Pacific and Chairman of Star & Disney India.
Murdoch and Shankar worked together to make Star a dominant force in the Indian television market before it was inhaled by Disney as part of Mouse House’s acquisition of 21st Century Fox in 2019. Shankar announced his decision to leave Disney last month after building the star to the point where it would hit more than 600 million viewers a month.
Your new, yet to be named company is supported by Murdochs Lupa Systems. A press release introducing the company was hesitant on the details, but Murdoch said it will seek to capture an explosion in connectivity in India, where mobile data is cheap, and across South Asia, to “create new opportunities for To identify innovations ”.
In an interview with the Financial Times, Murdoch added that M&A will be part of the play but will have an operational focus rather than a venture capital initiative. “We’re doing something that has a wide range of uses … in the context of exceptional mobile connectivity. It’s a great moment to start something with a blank sheet of paper, ”he added.
In a statement, Shankar added, “Digital technology promises to change the lives of many millions of people in this part of the world, and I am confident that we can use technology, companies and tremendous talent to create a great company, that it is also great for society. “