21st Century Fox Co-COO James Murdoch recently told investors that about half of his studio’s cash flow comes from television series. “There’s maybe one other firm that can claim the same volume and success” that Fox has had in TV, he said at the Sanford C Bernstein Strategic Decisions Conference in May. The increasingly visible Murdoch will further discuss Fox and its plans for the TV business when he delivers the Media Mastermind Keynote at October’s Mipcom. Murdoch was upped to his current role at Fox in March, in a clear indication that dad Rupert is putting his succession plans in order, and has been appearing publicly with far more frequency over the past year. He now has direct responsibility for 21st Century Fox’s TV interests, which include the Fox Networks Group in the U.S. and, internationally, holdings in BSkyB, Sky Deutschland, Sky Italia and STAR India. It’s a particularly interesting time for the European holdings as BSkyB in May confirmed it had initiated preliminary discussions with 21st Century Fox to evaluate the potential acquisition of its pay-TV assets in Germany and Italy. Meanwhile, Fox has also said it is looking to form a joint venture with Apollo Global Management which would combine the Shine Group, Endemol and CORE Media Group. Mipcom runs from October 13-16, Murdoch’s Keynote interview takes place on the first day of the conference.
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