Media scion James Murdoch gave his current assessment of the state of play in the global entertainment business Tuesday during an opening keynote discussion at APOS, Asia's leading media summit.
The former 21st Century Fox CEO said the past decade for large media players has been "a journey of scaling in order to compete in a new streaming environment." The current question, he believes, is not whether that is the right move, but rather "how many of these companies are going to be more profitable in the future than they were in the past." Murdoch spent decades in various leadership roles within his family's media and entertainment empire, but he stepped back in March 2019, founding the private holding company Lupa Systems — bankrolling the.
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