wordpress blog stats
Connect with us

Hi, what are you looking for?

Disney India MD Ronnie Screwvala To Quit; Siddharth Roy Kapur Takes Over

Update: It's official. We've just received a press release from Disney that Screwvala will step down next year, on 30th June 2014, around 8 months from today. Siddarth Roy Kapur will take over from him as Disney India MD. Roy Kapur will become the MD from 1st January 2014. Screwvala, thus, leaves the company 2.5 years after Disney acquired UTV. A copy of the press release is at the end of this post. Exclusive: Ronnie Screwvala, the Managing Director of Disney UTV is leaving the company, MediaNama has learned from multiple reliable sources within the company. Siddharth Roy Kapur, currently the MD of Disney Studios (Movies) in India, will be taking over from Screwvala as the Disney India MD. A formal announcement is expected soon, and from what we've heard, Andy Bird, the Chairman of Walt Disney International is in India to make that announcement. Attempts at getting in touch with Screwvala and Disney corp-comm have not yielded any response. Screwvala had been made the MD of the Disney-UTV after Disney had acquired UTV, a company he founded. Sources also tell us that Screwvala had a five year lock-in period, following the acquisition, so his early departure does come as a surprise. However, note that other UTV executives who had joined Disney following the acquisition, such as Vishal Gondal, Sameer Bangara and Sameer Pitalwalla, have also left the firm. Post acquisition, Disney had de-listed UTV from the Bombay Stock Exchange, after acquiring its entire public shareholding, and following a restructuring, much of the…

Please subscribe/login to read the full story.
Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

Free Reads

News

Vaishnaw's remarks come a day after Google removed apps belonging to Matrimony.com, Info Edge (Naukri and 99 Acres), Shaadi.com, Altt, Truly Madly, Stage, Quack...

News

Paytm has started distancing itself from PPBL in light of the current negative spotlight on PPBL.

News

The move can be seen as an attempt by Paytm to distance itself from the troubled Paytm Payments Bank, which has been significantly restricted...

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ