Murdoch partners with ex-Disney executive on new Indian venture
Six months after leaving News Corp, James Murdoch is teaming up with ex-Disney Asia Pacific chief Uday Shankar to launch a new media and tech venture in India.
The new venture is yet to be named and is backed by Murdoch’s Lupa Systems. As per him, the venture will “tap into an explosion in connectivity in India, where mobile data is cheap, and across South Asia to identify new opportunities for innovation.”
“We are doing something that has a broad scope… in the context of just extraordinary mobile connectivity. It’s a great moment to start something with a blank sheet of paper.”
“Digital Technology promises to transform the lives of many millions of people in this part of the world and I have every confidence that we can harness technology, enterprise, and tremendous talent to create a great business that is also great for society.”