Former Star India chairman Uday Shankar takes 51% stake in James Murdoch’s Lupa India
Former Chairman of Star India and Chairman of Walt Disney Asia Pacific, Uday Shankar is said to have taken a 51% stake in investment firm Lupa India, according to media reports.
Lupa Systems is a private holding company founded in 2019 by James Murdoch, the former CEO of 21st Century Fox, Sky plc and STAR. The company has offices in New York and Mumbai. Lupa focuses on companies in the technology and media sectors, impact-driven companies focused on environmental sustainability and emerging markets, particularly in the Indo-Pacific region.
According to reports, James Murdoch’s Lupa has already put together a team of investment professionals, and most of those professionals are believed to be former Shankar colleagues.
Earlier this year, James Murdoch, CEO of Lupa Systems, and Uday Shankar, former CEO of Star India and chairman of Walt Disney Asia Pacific, announced that they are forming a new company to explore technology and media opportunities on emerging markets.
Uday Shankar left Disney on December 31, 2020 and announced that he would be heading into an entrepreneurial career where, with funding from global investors, he would help founders create transformational solutions. A journalist by training, Uday led and transformed television: he took over the management of Star India in 2007 and transformed the company’s broadcasting operations, making Star India one of the world’s largest media and broadcast companies. entertainment in Asia. He then headed 21st Century Fox’s operations across Asia. Uday was named president of Walt Disney Asia Pacific when the Walt Disney Company acquired 21st Century Fox. Under his leadership, Star launched Hotstar – now Disney + Hotstar – one of the most successful streaming services in the world. Uday is currently President of the Federation of Indian Chambers of Commerce and Industry (FICCI).
The two worked together to make Star India the largest media company in the region, before it was sold as part of the 21st Century Fox and The Walt Disney Company merger.
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