Kevin Vaz quits Disney Star, more likely to be part of Viacom18 as CEO

NEW DELHI : Kevin Vaz, the pinnacle of community leisure channels at Disney Star, has give up the corporate after a 26-year stint. Vaz is more likely to be part of Viacom18 Media as its chief govt officer, changing Jyoti Deshpande, two folks with data of the event mentioned.

Vaz had first joined the then Star India in 1996 within the gross sales perform, and shortly grew to become the youngest advert gross sales lead within the firm’s historical past. Subsequently, he was given cost of assorted linear TV channels together with Star Utsav, Star Jalsha and later all the South cluster. 

A detailed confidant of former Walt Disney Co. Asia Pacific president and Star and Disney India chairman Uday Shankar, Vaz is more likely to head all the TV and digital portfolio for Viacom18, besides sports activities, which is beneath Anil Jayaraj, one of many individuals mentioned. 

Shankar has lately been inducted into the Viacom18 board after Bodhi Tree Techniques, a fund by Shankar and James Murdoch invested 4306 crore in Viacom18. 

In the meantime, Jyoti Deshpande, who additionally heads Jio Studios and is president, chairman workplace at Reliance Industries, is more likely to head the studio enterprise. Deshpande was named chief govt of Viacom18 in September 2021. She additionally serves on the boards of Network18 and Reliance’s investee corporations Balaji Telefilms and Saavn Media. 

Disney Star declined to touch upon Mint’s queries whereas an electronic mail despatched to Viacom18 remained unanswered. Vaz was additionally elevated as the pinnacle of the community’s complete linear TV portfolio (besides sports activities), consisting of 53 channels, in September 2021. He was instrumental in rising the corporate’s regional leisure enterprise throughout Bengali, Marathi, Tamil, Telugu, Kannada, and Malayalam markets. 

Star India posted a 74% enhance in its consolidated web revenue for the monetary 12 months ended 31 March 2022. The corporate’s revenue jumped to  1421.27 crore, from  815.72 crore within the corresponding quarter of the earlier 12 months. 

In accordance with information accessed by enterprise intelligence platform Tofler, the corporate’s revenues for the monetary 12 months stood at Rs. 17,480.62 crore, a 38% leap over  12,664.36 crore within the year-ago interval. 

For the reason that exit of Shankar from Disney Star, many senior executives from the corporate have been poached by Viacom18 and Jio. The checklist additionally contains Anil Jayaraj, who, previous to becoming a member of Viacom18 Sports activities as CEO, was heading advert gross sales for Disney Star’s Star Sports activities Community. 

Gulshan Verma and Akash Saxena give up Disney+Hotstar to affix JioAds and Viacom18 as CEO and CTO, respectively, whereas final month, IndiaCast, the multi-platform content material asset monetisation entity owned by Reliance-owned TV18 and Viacom18 roped in Piyush Goyal as COO. He was govt vice chairman and head – key accounts at Star India.

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Up to date: 20 Apr 2023, 08:03 PM IST