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    Walt Disney To Restructure India Operations (2016-18)

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    Walt Disney To Restructure India Operations (2016-18)

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    Walt Disney To Restructure India Operations (2016-18)

    Uploaded by

    Ankit Bansal
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    © All Rights Reserved
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    Walt Disney to restructure India operations

    By Gaurav Laghate, ET Bureau | Updated: Dec 23, 2016, 10.36 AM IST


    http://economictimes.indiatimes.com/industry/media/entertainment/walt-disney-to-restructure-india-
    operations/articleshow/56129407.cms

    MUMBAI: World's largest media and entertainment conglomerate, The Walt Disney Company, is set
    to restructure its India operations under new managing director Mahesh Samat, who rejoined the
    company on October 25, 2016 after a gap of four years. Under Samat, the company has been working
    towards the new lean structure, more aligned to the international organisational set-up. Disney India
    will now focus on its core strengths - Hollywood films and consumer products business.

    The Hindi film production business has been suspended after suffering major losses. Already, two top
    level executives from the India leadership team, Nikhil Gandhi (head of revenue - media networks)
    and Sameer Ganapathy (head of interactive) have put in their papers. Also, according to multiple
    sources in the company, Disney India will retrench its workforce and trim it down to 350 people in the
    next two months, from the current strength of 680 people.

    For some time there were feelers that Disney India is going to cut on employee count. A lot of UTV
    (which Disney acquired from Ronnie Screwvala) employees are set to lose jobs. Disney will be
    focussing on Hollywood and consumer products business only," said a highly placed source in the
    company, who did not wish to be identified. Globally, Disney has merged their consumer products
    business with interactive and is now headed by one person. "With global change, Disney was bound
    to merge the consumer products and interactive business in India too.
    Disney — the world's largest media and entertainment company with over $22 billion in annual
    revenues —has not been able to replicate the same success in India. Its other business, be it media
    networks (Bindass, The Disney Channel, Hungama TV, Bindass Play, UTV Action), interactive,
    licensing and merchandising or live events, have not given the company a scale that it deserved, feel
    media observers.

    Fox deal set to make Disney India’s biggest broadcaster


    Last Published: Fri, Dec 15 2017. 01 54 AM IST
    (http://www.livemint.com/Companies/sdRdjtYGZyJXQadZwTl0LL/Fox-deal-set-to-make-Disney-Indias-biggest-
    broadcaster.html)

    New Delhi: In a deal that could reshape the entertainment business globally, Walt Disney Co. has
    agreed to buy Rupert Murdoch’s 21st Century Fox Inc. for about $52.4 billion in stock on Thursday.
    In India, the deal means that Murdoch-owned Star India’s businesses, including 49 entertainment
    channels and 10 sports channels would be absorbed by Disney along with its digital streaming
    platform Hotstar. Not just that, Disney would also acquire Star’s stake in direct-to-home platform
    Tata Sky in India. This would catapult Disney, currently known for its children’s channels and
    distribution of Hollywood films, into India’s biggest broadcaster.

    “This is the mother of all media and entertainment deals and will overnight make Disney the number
    one network in the country. Both Star and Disney will complement each other with missing portfolios
    in each others’s offerings,” said Raj Nayak, chief operating officer of rival network Viacom18. “The
    combined entity can bring many synergies to the table and leverage advertising, distribution, licensing
    and over-the-top (OTT) revenues besides saving costs on some fronts. The merger will make Disney a
    formidable powerhouse in the region,” he added.

    Ten days ago, 21st Century Fox named Uday Shankar, chairman and chief executive of Star India Pvt.
    Ltd, as president, 21st Century Fox for the Asia region. In September, Star India Pvt. Ltd won
    television, digital, Indian and global media rights to the India Premier League (IPL) for the next five
    seasons for Rs16,347.50 crore. The company also operates a movie production and distribution
    company since 2009.

    Star India chairman Uday Shankar to head Disney-Star


    merged entity in India
    By Gaurav Laghate, , ET Bureau | Dec 13, 2018, 10.21 PM IST

    (https://economictimes.indiatimes.com/industry/media/entertainment/media/star-india-chairman-
    uday-shankar-to-head-disney-star-merged-entity-in-india/articleshow/67081427.cms)

    MUMBAI: Uday Shankar, currently chairman and CEO of Star India and president of 21st Century
    Fox, Asia, will lead the India and Asia Pacific business of The Walt Disney Company once it
    completes the acquisition of 21st Century Fox’ assets.

    Disney, world’s largest entertainment company, announced Thursday the new organisational structure
    of the direct-to-consumer and international (DTCI) business, keeping executives of both companies in
    key leadership roles.

    “The planned restructuring of our business units outside of the US will result in a stronger, more agile
    organisation, one that is better able to pivot and capitalise on the many opportunities present in
    today’s fast-changing and increasingly complex global marketplace,” said Kevin Mayer, chairman,
    DTCI, at The Walt Disney Company.

    In his new role, Shankar will report in to Mayer, while Luke Kang, EVP and MD, Greater China,
    Japan and Korea; Kylie Watson-Wheeler, MD of Australia and New Zealand; and Chafic Najia, SVP
    and MD of Middle East will report to Shankar. The other regions under DTCI – EMEA and Latin
    America - will continue to be led by Rebecca Campbell and Diego Lerner, respectively.
    “Once the acquisition is complete, all three regions will be led by exceptional, highly experienced
    executives who will combine the 'best of the best' talent from both organisations,” Mayer
    said. According to Mayer, the new structure is clear demonstrations of the company’s “strong
    commitment to integrating operations” and “thoughtfully executing” strategic priorities around the
    globe.

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