Public Company'No role for govt, regulator in media, entertainment'
Blaming excessive regulations for the media and entertainment industry’s acute financial crisis, Rupert Murdoch’s Indian venture Star Group today said the government and regulator had no role in the sector.
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At the same time, Star India CEO Uday Shankar alleged politicians and industrialists were trying to control the media, saying: “There is a sense of media badgering that I get and I have increasingly been getting from the upper segments of the society”. He added, “A lot of people do it innocently and I don’t doubt that for a moment ... But when an MP says, I smell a rat. Their (politician’s and industrialists) objective is to control it.”
Shankar said the faulty government policies and lack of monitoring and accounting for cable industry and resultant revenue leakages had put the industry in a dire situation.
“Most of the players are facing acute financial crises... other than two or three, none is making money,” he said.
Demanding the industry be left to market forces and content be monitored in conformity with the defined policy, he said: “Government should step back from its control mindset and allow self regulation”.
“I think government bodies are not comfortable with a vibrant media. By trying to control the media (by asking it to adhere to its Content Code), the government is not improving it but trying to defang it.”
The Group said it commands a market leadership position with 15 per cent share and has the largest bouquet of channels ranging from sports to music to family entertainment.
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