The Walt Disney Company had recently said Shankar will step down as President of its Asia Pacific business and Chairman of Star and Disney India with effect from December 31, 2020

Shankar will be succeeding Sangita Reddy, President, FICCI, and Joint Managing Director, Apollo Hospitals Group during FICCI's 93rd Annual General Meeting (AGM) scheduled to be held on December 11,12 and 14, 2020

There is more to the exits at Disney-Star. Apart from the studio exits, there have been four high profile exits in the company's sports business too

Senior industry sources confirm that The Walt Disney Company is planning to write-off its studio unit in India - Fox Star Studios - as it does not see value in the business

Uday Shankar has also quit as The Walt Disney Company APAC president. Over next three months, he will work closely with Rebecca Campbell, chairman of Disney's Direct-to-Consumer and International segment, to identify his successor to ensure a smooth transition

Disney+ Hotstar has also partnered with Reliance Jio and Bharti Airtel to make it easier to subscribe to its annual plans

Disney+Hotstar announced the launch of Disney+Hotstar Multiplex where it would enable its viewers to watch first day, first show of films

Industry leaders spoke to India Today TV about how the government planned to revive the economy post lockdown. Among the speakers were President of the Walt Disney Company (APAC) and Chairman of Star & Disney India, Uday Shankar, Chairman and CEO of the Edelweiss Group, Rashesh Shah, Founder and CEO of Kinetic Green Energy and Power Solutions, Sulajja Firodia Motwani along with Vice Chairman and MD of JK Paper and Director of JK Organisation Harsh Pati Singhania, former Country Head HSBC and former FICCI president Naina Lal Kidwai and Joint MD of Apollo Hospitals Group and President of FICCI Dr Sangita Reddy. The country has been in a state of nationwide lockdown first enforced on March 25 till April 14, later extended to May 4 and now pushed further to May 17 with relaxations on restrictions for some industries. The scale of the economic impact of this crisis is yet to be ascertained. Watch the video for more.Also Read: Coronavirus outbreak: Wipro to convert Pune facility into 450-bed COVID-19 hospital

Addressing a meeting of office-bearers of the Indian Broadcasting Foundation (IBF) on Friday, Javadekar said he would discuss changes to the tariff order with the Telecom Regulatory Authority of India (Trai) and its recommendations to rating agency BARC India.

The much-awaited streaming platform Disney+ will finally arrive in India on April 3. Disney+ was earlier scheduled to launch in India on March 29 but due to the coronavirus pandemic, the launch was delayed.

Viewership of regional TV channels is growing faster than Hindi GEC, says Zee's Punit Misra

In August this year, Gayatri Yadav, Star India's President of Consumer Strategy and Innovation announced her exit. Amit Chopra, President and Head, Ad Sales also quit to join Samara Capital in May this year

\"Nothing changes in Zee Entertainment (after stake sale to Invesco Oppenheimer); it has been business as usual, apart from the fact that the promoters won't own as much of the stake as they did in the past,\" says Punit Goenka

Traditional broadcast business is increasingly becoming unviable. The trend is apparent going by the fact that the cable universe has seen a wipeout of over 15 per cent in the last few years.

Despite being the acquired entity, Star India, by virtue of being a Rs 10,000 crore media mammoth, seemed to have a clear upper hand as opposed to Disney India, which is barely a Rs 100 crore business

Industry insiders now say that Zee, in all probability, will sell its stake to a consortium led by Comcast, Blackstone and James Murdoch's family office, Lupa Systems. James is the son of media baron Rupert Murdoch

Christine McCarthy, CFO, Walt Disney, said the company would be investing heavily on other platforms such as ESPN Plus and Hulu as well

Standard Chartered lays off over 200 employees in India; Gadkari creates a storm by claiming defaulter 'Mallya-ji' is not a 'chor'; Modi ministers say RBI policies were 'unreasonable' under ex-Governor Urjit Patel. Watch more in this episode of Business Wrap.