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Breaking James Murdoch on Star’s FY18 EBITDA target, IPL rights, and Star Bharat’s growth

Manu

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MUMBAI: 21st Century Fox CEO James Murdoch has said that company’s India business under Star is very much on course to achieve the EBITDA target of $500 million in FY18 while noting that there are ups and downs in every business.

Fox and Star follow July-June financial calendar.

While Murdoch didn’t elaborate on the ups and downs he asserted that the target will be met. He is also excited about the growth shown by Star Bharat ever since it launched in August 2017. Star Bharat’s viewership has gone up manifold ever since it launched on DD’s free DTH platform Free Dish.

“And with respect to Star, yeah, it’s halfway through the fiscal year. Always there are ups and downs in these things, but we see nothing at this point to make us feel any differently about the targets both in the short term and the medium term. And we’re thinking about the long-term as well,” Murdoch told analysts recently.

James Murdoch on Star’s FY18 EBITDA target, IPL rights, and Star Bharat’s growth
 
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