Lupa Systems

Reliance & Viacom18 strategically ally with Bodhi Tree Systems

Last updated : Apr 29, 2022 17:04

SportzPower Team

Apr 27, 2022 22:04

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MUMBAI: Reliance and Viacom18 Tuesday announced a strategic partnership with Bodhi Tree Systems, which is a platform of James Murdoch's Lupa Systems and Uday Shankar, to form one of the largest TV and digital streaming companies in India.

Bodhi Tree Systems is leading a fund raise with a consortium of investors to invest Rs 13,500 crore in Viacom18, to jointly build India's leading entertainment platform and pioneer the Indian media landscape's transformation to a "streaming-first" approach. Viacom18 owns and operates the suite of Colors TV channels and OTT platform, VOOT.

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Bodhi Tree Lupa Systems James Murdoch Uday Shankar

Murdoch, Shankar set up venture with $1.5bn Qatar fund backing

MUMBAI: Lupa Systems founder and CEO James Murdoch and Uday Shankar, former chairman and CEO of Star India and former president of Walt Disney Asia Pacific, announced Thursday they are forming a new venture, “Bodhi Tree”, an investment platform that will be financially supported by the Qatar Investment Authority (QIA), Qatar's sovereign wealth fund.

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