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Star India to contribute greatly to 21st Century Fox’s growth: Rupert Murdoch
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Breaking News :  Star India to contribute greatly to 21st Century Fox’s growth: Rupert Murdoch
MUMBAI: Star India, the crown jewel
in the international business of 21st
Century Fox, will contribute greatly
to the media conglomerate’s future
growth, feel 21st Century Fox
executive chairs Rupert and Lachlan
Rupert and his son James (21st
Century Fox CEO) have time and again
praised the company’s India business,
guiding that Star India will achieve an
operating profit of $500 million by
2018 and $1 billion by end of 2020.
In the annual report of 21st Century
Fox for FY2015 (July–June), the
Murdochs stated, “In India we believe
Star will contribute greatly to our
future growth. Over the last 12
months, Star expanded on its well-
established leadership position in
general entertainment, moving
aggressively into the sports market
with Star Sports, which is seeing
exciting growth.”
Star India is a wholly owned
subsidiary of 21st Century Fox. It
operates 51 channels in over 100
countries across the Middle East and
North Africa, Asia, Europe and North
One of the businesses that Star is
bullish on is the sports business. “The
ICC Cricket World Cup tournament on
Star Sports earlier this year marked
India’s largest television event ever
with hundreds of millions of viewers,
planting a flag for the recently re-
launched sports network,” the
chairmen stated.
They also mentioned the regional
expansion of the network that
included a $375 million acquisition of
the broadcast business of Maa TV
Network Ltd in February this year.
The acquisition is subject to
customary closing conditions,
including regulatory approvals. The
transaction is expected to close
before 31 December.
“Star is also expanding its
entertainment reach with the
acquisition of the Telegu-language
networks group Maa Television
Network Ltd, adding to Star’s
portfolio its eighth language and one
of India’s largest regional markets,”
the Murdochs said.
Moreover, the company is betting big
on the digital OTT platform Hotstar,
which was launched earlier this year.
“In February, Star launched its online
entertainment destination Hotstar,
which drew more than 20 million
downloads in four months and firmly
positions us to benefit from the
digital transformation in the world’s
fastest growth market,” they further
Star India develops, produces and
broadcasts 51 channels in seven
languages, which are distributed
throughout Asia, the UK, Continental
Europe, North America and parts of
Africa to their subscribers.
Star India’s channels include the
flagship Hindi general entertainment
channels Star Plus and Life OK, the
Hindi movie channels Star Gold and
Movies OK, the English general
entertainment channels Star World,
Star World Premier HD, FX, the
English movie channels Star Movies
and Star Movies Action, the Bengali
general entertainment channel Star
Jalsha, the Bengali movie channel
Jalsha Movies, the Marathi general
entertainment channel Star Pravah,
the South Indian languages general
entertainment channels Asianet,
Asianet Movies, Suvarna, Suvarna Plus
and Vijay TV, and eight Star Sports
Star India owns media rights to BCCI
domestic and international cricket
series matches in India through 2018,
ICC matches through 2023, the
England & Wales Cricket Board
matches through 2017, Cricket
Australia matches through 2017,
Federation International De Hockey
through 2022, Wimbledon through
2022, and Bundesliga through 2020.
In addition, it holds digital rights to
the Indian Premier League through
Star India also has a 35 per cent
stake in Football Sports Development
Ltd, a joint venture with IMG-
Reliance, and has launched the Indian
Super League, a professional football
In March 2015, Star India, in
association with its affiliate,
acquired a 74 per cent majority stake
in Mashal Sports Pvt Ltd in March
2015, for the operation of the Pro
Kabaddi League.
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