Who doesn’t know about Walt Disney? It is one of the finest Media and entertainment conglomerate founded by Walter Elias Disney who was an American entrepreneur, animator, writer, voice actor, and film producer. A pioneer of the American animation industry, he introduced several developments in the production of cartoons.
The fresh news of Walt Disney today is, it might withdraw 18 television channels in Southeast Asia and Hong Kong this October. The list of channels include: Fox, Fox Crime, Fox Life, FX, Fox Action Movies, Fox Family Movies, Fox Movies, Star Movies China, Fox Sports, Fox Sports 2, Fox Sports 3, Star Sports 1, Star Sports 2, Disney Channel, Disney Junior, Channel V, Nat Geo People, and SCM Legend.
“Effective from 1 October 2021, Disney will operate a streamlined television portfolio that covers Chinese language channels (Star Chinese Channel; Star Chinese Movies) and factual entertainment (National Geographic Channel; Nat Geo WILD). These efforts will help us align our resources more efficiently and effectively to current and future business needs," it added.
This move does not affect the operations in India in anyway as the firm has been looking into the development of streaming services. After Uday Shankar resigned from his post as President, for the APAC (Asia and Pacific) region and chairman, Star and Disney India, there was an announcement made to rework on media and entertainment businesses to give attention on developing and producing original content for the company’s streaming services.
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