Bullish on the Indian market, 21st Century Fox chief executive officer James Murdoch is eyeing a rich harvest from Star India’s entertainment business in the current fiscal. Star India’s EBITDA from the entertainment business is expected to be over $300 million this fiscal, Murdoch has told investors. For 21st Century Fox and its wholly-owned subsidiaries, the fiscal year starts on 1 July and ends on 30 June. Murdoch also said that Star has reached an inflection point with peak investments in Star Sports, the sports business of the company. “I think the inflection point was really this year when we hit the peak sports investment. The entertainment business is already well on its way to go over $300 million this year in EBITDA,” Murdoch said.
Read more at: http://www.televisionpost.com/television/star-india-eyes-300-mn-ebitda-from-entertainment-biz-this-fiscal/ | TelevisionPost.com
Read more at: http://www.televisionpost.com/television/star-india-eyes-300-mn-ebitda-from-entertainment-biz-this-fiscal/ | TelevisionPost.com
