India is a promising land for every global enterprise. Its burgeoning young population offers massive hope for every investor. Lachlan Murdoch, 21st Century Fox executive chairman, too seems very sanguine about India.
He said that Star India is a very significant business for 21st Century Fox.
He added, “We will continue to expand globally. We don’t see business as a domestic business and an international business. That’s the biggest mistake anyone can make. We see our business in India not only as important as the US but frankly more important in many ways. Star TV in India is well-rounded media business. It is not a satellite TV provider. It is a media company that provides 17,000 hours of local content.”
Lachlan said: “We’ll make $500 million this year in EBIDTA out of Star, growing to $1 billion in EBITDA by the calendar year 2020. So there’s huge growth business for us around the world.”
He said that Star India is a very significant business for 21st Century Fox.
Lachlan said: “We’ll make $500 million this year in EBIDTA out of Star, growing to $1 billion in EBITDA by the calendar year 2020. So there’s huge growth business for us around the world.”
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