Uday Shankar

The mega joint venture, valued at Rs 70,352 crore, is focused on creating offerings that are attractive and affordable to all, and it will not be limited to just the premium subscription model

The development will be negative for other players such as Zee, analysts said, who will now have to compete with a much larger entity

Reliance and Disney are expected to make a formal announcement on Wednesday after signing a binding pact. Shankar is set to take a stake of around 9% in the new merged entity

Does its deal with HBO mean that JioCinema is planning to go pay?

Seven Islands will now make their investments through Bodhi Tree Systems

Bodhi Tree will seek investments in media and consumer technology in Southeast Asia, with a focus on India

Lupa systems and Uday Shankar enter into a strategic partnership to form 'Bodhi Tree'

Lupa India, the investment company set up by Uday Shankar and James Murdoch, is in the final stages of picking up a 39 per cent stake in Viacom 18

Investment company to focus on media, education & healthcare

Entity to focus on digital media, say industry sources

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The statement comes amid a standoff between the government and the farmers who are protesting for last two weeks demanding a repeal of recently passed farm laws

Shankar was 46 when he took over as CEO of Star India, then a Rs 1,600-crore floundering broadcaster. Disney Star is now a Rs 18,000-crore powerhouse and India's largest media firm

Looking to start an entrepreneurial journey, he may be looking at education, healthcare and digital media, say those in the know

However, he will remain with Disney's direct-to-consumer and international segment through the end of 2020 to help find his replacement

The reason: It has assured advertisers that the IPL won't face any trouble in garnering record viewership for the 60-odd matches as the sporting event is being played during the festive season

He also hit out against branded content and in-film advertising, terming it as "crass commercialisation" which "taints" and "sullies" the experience.

Uday Shankar has just pulled off arguably the riskiest move Star India has made under him