In a significant improvement, Uday Shankar, chairman of Star & Disney India and president, The Walt Disney Company APAC has determined to step down. Shankar, one of many high media and leisure govt from India, will stay at Disney until December 31st to determine his successor to make sure a easy transition.“I have always believed in the power of creativity and cutting-edge technology to create a better world and consider myself incredibly fortunate to have had the opportunity to do so at Star, 21CF and now at The Walt Disney Company,” Shankar stated in a press release. “As I look back on this journey, I take pride in having set ambitious goals in my professional career, and achieving all that we set out to do.” He added that for a while now he had been considering the query of how he may give again to the nation, neighborhood and the trade that had given him a lot.
“I think the best way to express my gratitude to all of them will be to support and mentor a new generation of entrepreneurs as they set out to create transformational solutions that will have a positive impact on countless lives. I intend to partner with global investors and pioneers to achieve this,” Shankar stated. Industry buzz suggests he would possibly be part of former employer James Murdoch, who has arrange household workplace Lupa Systems
Rebecca Campbell, chairman of Disney’s Direct-to-Consumer & International section, stated that Shankar’s huge expertise and experience have been invaluable in bringing collectively a powerful, cohesive APAC management workforce to chart a path ahead for our streaming companies within the area and past. “I want to thank Uday for his leadership and dedication to our APAC business. With the successful launch of Disney+ throughout the region, he has helped put The Walt Disney Company in a commanding position in this dynamic and incredibly strategic part of the world,” she stated.
“Uday has been a great friend, colleague and valued counselor to me personally, and I know I speak for all of DTCI when I say he will be greatly missed. At the same time, I understand and respect his desire to make this change. I am extremely grateful that he has agreed to stay on to help ensure a seamless transition.”Shankara, who was heading Star India as CEO since 2007, was subsequently promoted to the function of president of 21st Century Fox Asia president, previous to the corporate’s acquisition by Disney. Later, Disney named him president of Asia Pacific, along with his function of chairman of Star & Disney India.
Known for taking massive and daring bets, Shankar reworked Star Network into India’s largest leisure firm. Under his management, Star India acquired Asianet and Maa TV Network as nicely as purchased out three way partnership accomplice ESPN’s stake in ESPN Star Sports India (ESS). He was additionally instrumental in launching a number of home sports activities leagues like these in Kabaddi and Football.
Under his management, Star additionally launched Hotstar, which is now India’s largest over-the-top (OTT) platform, which has now gone international in its footprint with choices within the US, Canada and the UK. Prior to Star, he was CEO and editor of Star News, the then three way partnership between Star India and ABP Group.
Shankar was additionally the editor and information director at TV Today Group, the place he spearheaded the launch of Aaj Tak, a number one Hindi information channel, in 2000 and Headlines Today (now India Today TV), in 2003. A former president of Indian Broadcasting Federation (IBF), he’s at the moment senior vp of FICCI (Federation of Indian Chambers of Commerce and Industry) and in line to take over as its subsequent president.