Mudasir 4K
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According to M o r g a n Stanley's Year End 'Fair Market Value' report for financial year 2016, Star India has been valued at a whopping $11.3 billion, way ahead of its competitors.
June end annual financial reports peg Star India's earnings from just entertainment business alone at about Rs. 1,920 crore.
The report estimates Star India to contribute 11.3% to the overall fair market value of the American parent 21st Century Fox.
With Star India acquiring broadcast rights of Board of Control for Cricket in India's (BCCI) domestic and international matches in India through 2018, the network has made a conscious effort to optimise their revenues through sports in India. 21st Century Fox executive chairman Rupert Murdoch highlighted the importance of their newly acquired sports rights. "The appeal of our new sports rights resonated with consumers globally, whether it was Star Sports in India setting new records with hundreds of millions of viewers for the ICC Cricket World Cup, or the more than 25 million viewers who watched the Women's World Cup Final on FOX."
June end annual financial reports peg Star India's earnings from just entertainment business alone at about Rs. 1,920 crore.
The report estimates Star India to contribute 11.3% to the overall fair market value of the American parent 21st Century Fox.
With Star India acquiring broadcast rights of Board of Control for Cricket in India's (BCCI) domestic and international matches in India through 2018, the network has made a conscious effort to optimise their revenues through sports in India. 21st Century Fox executive chairman Rupert Murdoch highlighted the importance of their newly acquired sports rights. "The appeal of our new sports rights resonated with consumers globally, whether it was Star Sports in India setting new records with hundreds of millions of viewers for the ICC Cricket World Cup, or the more than 25 million viewers who watched the Women's World Cup Final on FOX."
