Star India, the crown jewel in the international entertainment business of Rupert Murdoch’s media conglomerate 21st Century Fox, has been valued at a staggering $11.2998 billion (approx. Rs 75,000 crore) by global financial services firm Morgan Stanley. According to the report, Star contributed 11.3 per cent to the overall fair market value of 21st Century Fox. As of June 2015, Star’s earnings from the entertainment business was at $300 million (Rs 1,920 crore). As reported by TelevisionPost.com earlier, Star India is eyeing an operating profit (EBITDA) of over $500 million by FY18 and is looking to double it to $1 billion by 2020.
Read more at: http://www.televisionpost.com/television/morgan-stanley-pegs-star-indias-value-at-11-3-bn/ | TelevisionPost.com
Read more at: http://www.televisionpost.com/television/morgan-stanley-pegs-star-indias-value-at-11-3-bn/ | TelevisionPost.com
