New Delhi, Jan. 14 -- James Murdoch, son of media mogul Rupert Murdoch and former chief executive officer of 21st Century Fox, has joined Uday Shankar, former president of the Walt Disney Company APAC and chairman, Star and Disney India, to form a new media venture, according to a report in the Financial Times.

Murdoch and Shankar's association goes back a long way. The latter was overseeing News Corp's Asia business in the late-2000s. Walt Disney acquired 21st Century Fox Inc. in a $71-billion cash and stock deal in June 2018, which made Star India, Fox Star Studios, and Hotstar part of Walt Disney.

The FT report said the project brings the two back together with the aim of building a "large-scale" business in the areas of digital medi...