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On Wednesday, Nov 8, 21st Century Fox announced its fiscal Q1 2018 financial results. Afterward, the company held an earnings call featuring Executive Chairman Lachlan Murdoch, CEO James Murdoch and CFO John Nallen. It was an opportunity for 21CF to discuss a wide range of topics, including strong growth in DMVPD subscribers, embracing disruption in the industry, and growing aspirations for Star India.
Here are some of the key comments from Lachlan, James and John:
On growth in DMVPD subscribers: “We maintained our aggregate domestic subscriber levels, offsetting declines in the traditional pay TV universe, with growing contribution from our growing channel and our new digital MVPD partners. The latter now approaches 3 million subscribers despite only limited marketing for their products so far.” – Lachlan
On the digital opportunity: “New digital platforms in partnership with us are leading the way and improving the customer experience and allowing us to make high-quality storytelling, sports and news programming more available, not less, which will drive further consumption of our content and more visibility into that consumption by our customers, strengthening our business.” – James
Read more on the 21CF Blog