Uday Shankar, the lengthy standing high media and leisure govt helming Star, 20th Century Fox on this area for round one and half a long time, has determined step down as president, The Walt Disney Company APAC and chairman, Star & Disney India, efficient as of December 31, 2020.
This was introduced by Rebecca Campbell, chairman of Disney’s Direct-to-Consumer & International phase.
Mr. Shankar is shifting on to pursue an entrepreneurial profession the place in he would assist and mentor India’s younger minds to create transformational options with funding from world traders.
Over the subsequent three months, Mr. Shankar will work carefully with Ms. Campbell to determine his successor to make sure a easy transition, the corporate mentioned in an announcement.
“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.”
His huge expertise and experience have been invaluable in bringing collectively a robust, cohesive APAC management staff to chart a path ahead for our streaming companies within the area and past,” mentioned Ms. Campbell.
“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,” she added.
Commenting on the event Mr. Shankar mentioned, “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.”
“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. For some time now, I have been contemplating the question of how I give back to the country, community and the industry that have given me so much,” he mentioned.
“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,” he mentioned.
Since February 2019, Mr. Shankar has served as president, The Walt Disney Company APAC and chairman, Star & Disney India.
Previously, he was president of 21st Century Fox for Asia and the chairman & CEO of Star India.
He took over the management of Star India in 2007 and reworked the Star enterprise into one of many largest and most profitable media corporations in Asia.
A believer within the energy of native execution, Mr Shankar led Star’s aggressive foray into regional and native language programming, remodeling Star right into a content material powerhouse.
He additionally consolidated Star’s sports activities broadcasting operations by 21st Century Fox’s acquisition of its three way partnership with ESPN.
Today, Star Sports is India’s largest sports activities broadcaster.
Under Mr Shankar’s management, Star additionally made strides within the digital panorama with the launch of Hotstar, which is now India’s largest over-the-top (OTT) platform.
He beforehand served as CEO and editor of Star News, which was the primary 24-hour information channel in India.
He 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, a number one English information channel, in 2003.