Disney set to scale down TV, sports, film business in India
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New Delhi, Oct. 18 -- Media and entertainment conglomerate Walt Disney is likely to scale down its television broadcasting, sports catalogue and film studio business in India, said two people familiar with the development, declining to be named as the plans are not public. The move comes close on the heels of top executive Uday Shankar stepping down as president, for the APAC (Asia and Pacific) region and chairman, Star and Disney India earlier this month, accompanied by a global announcement that stated the company's intention to reorganize its media and entertainment businesses to "focus on developing and producing original content for the company's streaming services." The announcement was made in a blog on its website.
Disney India d...
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