As part of the demerger of News Corporation, entertainment broadcasting brands including Star TV India will now fall under the 21st Century Fox umbrella.
21st Century Fox’s global portfolio includes FOX, FX, Fox News Channel, Fox Sports Network, National Geographic Channels, Star TV, Fox Pan American Sports, as well as film studio Twentieth Century Fox Film and television production studios Twentieth Century Fox Television and Shine Group. The company’s assets also include leading pay-tv businesses Sky Deutschland, Sky Italia and its equity interests in BSkyB and Tata Sky.
Rupert Murdoch, chairman and CEO of 21st Century Fox said, “21st Century Fox launches as a unique force bringing news and entertainment to more than a billion customers every day in over 100 languages. Our success will continue to be rooted in a deep belief in originality and a commitment to empowering creative minds and entrepreneurs around the world. Our management teams are the best in the business and we will drive growth and shareholder value by expanding our existing assets and brands, while embracing new opportunities and technology.”
The separation of the business into two independent publicly traded companies went into effect earlier today.