Tag: entertainment conglomerate

  • Reliance, Star India, IMG brings Indian Super League for football to India

    Reliance, Star India, IMG brings Indian Super League for football to India

    MUMBAI: Reliance Industries, Star India and IMG are set to launch the “Indian Super League”, an unrivalled football championship that will foster local talent and feature international stars with the aim of making the game one of the country’s flagship sport and India – a name to reckon with in the global arena.

     

    The league promises to revolutionise the sport from the very get-go, leveraging the strengths of all three partners who are focused on growing the game to national prominence, offer Indian football greater global exposure and eventually help India qualify for the 2026 World Cup.

     

    Reliance, India’s largest business enterprise, Star India, the nation’s biggest TV network and entertainment conglomerate, and IMG, a leader in sports management, have a storied tradition of innovation, competitiveness and institutional commitment that will propel the venture, in which the partners will have proportionate stakes.

     

    The “Indian Super League” will feature eight city specific teams to start with and will tap the burgeoning interest among the country’s young population that’s increasingly seen taking interest in the sport globally. The League will kick-off in January 2014 and will run through March 2014, with plans for a second window in the same year.

     

    Annual global revenue for football globally is estimated at USD 28 billion,according to a study by AT Kearney. Star India,which also holds telecast rights to BCCI cricket matches in India,will use its superior content creation,packaging and presentation expertise to whet and retain viewer interest.

     

    “Football, with its largely untapped potential in the country, has the opportunity to grow to an unrivalled commercial success quite unlike any other sport. We hope the growing football footprint will pave the way for the nation’s sporting renaissance”, said IMG-Reliance chairperson Nita M. Ambani.

     

    “India is hungry for its second sport. Combined with our expertise in sports production, our attempt is to bring an unparalleled football experience to our viewers”, said Star India CEO Uday Shankar. “For far too long, the Indian sports fan has quietly waited for this revolution on the cusp of which we stand today. Our objective is nothing short of creating a movement around football in India. We want to put India on the global map.”

     

    “The ‘Indian Super League’ will feature international football stars combined with good football facilities, rivalry between India’s biggest cities and the roar of a billion passionate fans,” said IMG Worldwide chairman and CEO Mike Dolan. “It envisions creating new football powerhouses in this part of the world, which will rise to global prominence as the country and the sport further develop.”

     

    The League will have world-class international players play with the best from India. Each team will have one marquee player, international players and the best of Indian talent. Given India’s burgeoning interest in football and the country’s long association with the sport, the ‘Indian Super League’ is on the threshold of launching a revolutionary new football culture in the country.

     

    The ‘Indian Super League’ will also implement various football development projects aimed at holistic development of the sport in the country, including engaging with the masses to get them excited about football, encouraging families to regularly involve their children in football, creating an infrastructure to identify talented footballers at a young age and groom them into elite professionals and creating a critical mass of highly talented coaches to work at all levels of football in India.

     

     

     

  • Rupert Murdoch’s pay for latest fiscal year dropped to $28.9 mn

    Rupert Murdoch’s pay for latest fiscal year dropped to $28.9 mn

    MUMBAI: Rupert Murdoch’s compensation for the latest fiscal year dropped 3.7 per cent to $28.9 million.

     

    He had made $30 million the previous year, but saw a slight decline in the latest period ended 30 June, according to a regulatory filing Friday.

     

    The filing was made by his entertainment conglomerate 21st Century Fox, which was created along with new News Corp in a split mid-year. The pay for the latest year was for Murdoch’s work as chairman and CEO of the pre-split News Corp.

     

    The fiscal-year pay for former News Corp and now 21st Century Fox deputy COO James Murdoch, the media mogul’s son, rose 1.2 per cent from $16.84 million to $17.04 million.

     

    Chase Carey, president and COO of the pre-split News Corp and now 21st Century Fox, made $27.05 million in the latest year, up 9.2 per cent from $24.76 million in the fiscal year ended 30 June 2012.

     

    Rupert Murdoch’s salary for the latest year was unchanged at $8.1 million, his stock awards rose from $3.51 million to $5.16 million, and he also received a $12.5 million non-equity incentive payout, a form of bonus he received instead of the bonus that he had gotten a year earlier. His other compensation included $274,531 in personal use of the corporate aircraft and $15,694 in personal use of a corporate car. The conglomerate’s stock rose 46 per cent in the most recent fiscal year.

     

    James Murdoch’s salary was unchanged at $3 million, his stock awards rose from $5.26 million to $7.48 million, and he got $6 million in non-equity incentive compensation. Among his other compensation was $283,035 in personal use of the corporate aircraft and $8,925 in personal use of a corporate car. The executive oversees the company’s international operations.

     

    Carey’s salary was also unchanged at about $4 million, his stock awards rose from $8.77 million to $12.91 million, and his non-equity compensation amounted to $10 million. His other compensation included $60,067 in personal use of the corporate aircraft and $14,400 in personal use of a corporate car.

  • Star India, Hindi film industry join hands in efforts to help flood-ravaged Uttarakhand

    Star India, Hindi film industry join hands in efforts to help flood-ravaged Uttarakhand

    MUMBAI: Star India, one of the leading media and entertainment conglomerate, will strengthen the on-going efforts at rehabilitation in flood-ravaged Uttarakhand by raising funds to help bring comfort to victims of the tragedy.

    Leading actors from Bollywood will join Star’s fund-raiser – a seven-hour marathon event on the occasion of Independence Day – the company claims in that this is a first such effort by the entertainment industry to ease the sufferings of people impacted by the floods.

    Star India CEO Uday Shankar

    The entire advertising revenue generated through the event will be channelled to not-for-profit organisations that are working diligently to restore normalcy in Uttarakhand.

    “The tragedy in Uttarakhand is a solemn opportunity for every Indian to lend a helping hand,” Star India CEO Uday Shankar said. “This occasion demands that people join forces to support those in need. It’s heartening that people are coming together and our role is only that of a catalyst.”

    Early confirmation of stars supporting the initiative include Indian cinema’s icons Amitabh Bachchan, Lata Mangeshkar, Ajay Devgn, Kajol, Anil Kapoor, AR Rahman, Boman Irani, Shankar-Ehsaan-Loy, Pritam, Prasoon Joshi, Mukesh Bhatt, Ayushmann Khurana and celebrities from top television shows of the Star network such as ‘Diya Aur Baati Hum’, ‘Pyaar Ka Dard Hai Meetha Meetha Pyaara Pyaara’, ‘Saraswatichandra’, ‘Savdhaan India’, ‘Devon Ke Dev Mahadev’ and ‘India’s Dancing Superstars’ among others.

    Ogilvy & Mather has partnered Star India as the creative agency for the on-ground event that’ll be managed by Wizcraft.

    Film Producers Guild, Federation of Western India Cine Employees (FWICE), TV Artists Forum, Corporate Charity Trusts and several independent industrialists and donors will partner Star India’s Independence Day marathon fund-raiser that will be attended by senior leaders from the state and central governments.

    “I am delighted that the Indian film industry has embraced our outreach plan and is partnering with us in this initiative to spread hope,” Shankar added.

    “Both television and the Hindi film industry consider it as their primary responsibility to do their bit for the very same people who have showered us with unconditional love and affection. We hope that our efforts will sensitise millions of viewers and inspire them to contribute whole heartedly towards the daunting task of rebuilding the state,” president of the Film & Television Producers Guild Mukesh Bhatt said.

    The gala event will be telecast live on key channels of the Star India network including flagship Star Plus, Life OK, Star Jalsha, Star Pravah, Star Utsav and Channel V.

    Viewers would also be encouraged to aid the mammoth task of rebuilding the hill-state.

    FWICE president Dharmesh Tiwari and general secretary Dinesh Chaturvedi said that they are happy to partner Star India in this joint initiative to raise awareness and funds.

    “We are delighted to express our support and join hands with Star India and the film industry to celebrate the Independence Day, dedicated to the people of Uttarakhand”, said Wizcraft International Entertainment director Wiz Sabbas Joseph.

    Star India had, earlier this month, started focused campaigns featuring renowned artistes from the network’s popular shows, urging its viewers to support Uttarakhand’s cause by making generous donations. The network had partnered renowned NGO Goonj for this initiative.

    In addition, the employees of Star India also pitched in to the relief efforts and made generous donations. Star will match the contribution made by its employees and will closely monitor the proper utilisation of these funds.