financetom
Economy
financetom
/
Economy
/
Facebook picks chief of Hotstar streaming service as India head
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Facebook picks chief of Hotstar streaming service as India head
Sep 24, 2018 9:40 AM

Facebook has poached the head of Indian video streaming service Hotstar to take on the newly-created role of managing director of its Indian operations, as the social media giant faces pressure to tackle fake news and store more data locally.

Share Market Live

NSE

Ajit Mohan will take up the role of managing director and vice-president of Facebook India, the company's biggest market by number of users, from early next year, it said on Monday.

"India is one of the largest and most strategically important countries for Facebook," Facebook's Vice-President of Business and Marketing Partnerships, David Fischer, said in a statement.

"Ajit's depth of experience will help us to continue to have a positive impact in India across communities, organizations, businesses and with policy makers."

Mohan has served as chief executive of Hotstar, a streaming platform owned by Twenty-First Century Fox's Star India arm, since April 2016, according to his LinkedIn profile.

Mohan's move comes at a time Facebook is increasingly competing with video streaming services and TV channels for sports broadcasting rights.

Facebook, which began expanding into sports streaming in 2017, has the rights to stream Spanish soccer's top division La Liga's games in the Indian subcontinent over the next three seasons.

Mohan has overseen the streaming of Indian Premier League cricket on Hotstar, which set a new global benchmark with 8.26 million concurrent viewers logging onto the platform for the final of the league this year.

He also takes over the top job at Facebook India at a turbulent time for the U.S. company.

Facebook's WhatsApp messaging service has been under fire from the Indian government over several mob beatings and deaths triggered by false, incendiary messages circulated on it.

That, according to local media reports, has caused delays in the official launch of Facebook's payments service in India.

The company also plans to oppose new legislation in India that would require it to store user data in the country.

Separately, WhatsApp is looking for an India head too.

It last month appointed a grievance officer for Indian users based out of its headquarters in Menlo Park, California, like other global tech firms whose grievance officers sit outside of India.

India has, however, said it will toughen up its tech laws including pushing U.S. tech giants to have their grievance officers in India.

First Published:Sept 24, 2018 6:40 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Zoomed Out | Balancing Trade and Climate Goals — these are the impacts of EU’s Carbon Border Adjustment Mechanism on India
Zoomed Out | Balancing Trade and Climate Goals — these are the impacts of EU’s Carbon Border Adjustment Mechanism on India
Nov 30, 2023
The EU’s Carbon Border Adjustment Mechanism is a significant development in the global effort to combat climate change. It has the potential to impact India’s trade dynamics and industries, with the aim of levelling the playing field in terms of carbon costs, observes SW India's Ankur Gupta and Samyak Jain.
India Q2 GDP preview: Growth seen at 7%, above RBI forecast
India Q2 GDP preview: Growth seen at 7%, above RBI forecast
Nov 30, 2023
According to the CNBC-TV18 poll, overall GDP is seen growing by 7.03% against a growth of 7.8% in the first quarter and 6.2% in the year-ago period, due to a weak base. Agriculture is expected to contribute a mere 2.7% to the overall growth, as opposed to 3.5% in the preceding quarter. 
Saudi Arabia extends the term of its $3 billion deposit with Pakistan's central bank
Saudi Arabia extends the term of its $3 billion deposit with Pakistan's central bank
Nov 29, 2023
The agreement of the $3 billion deposit was initially signed through the Saudi Fund Development with the State Bank of Pakistan in the year 2021 and rolled over subsequently in 2022, after the issuance of the royal directives that reflect the continuation of the close relationship between the two brotherly countries, as reported by PTI.
UP tables supplementary demand of ₹28,760 crore
UP tables supplementary demand of ₹28,760 crore
Nov 29, 2023
The budget was presented in the legislative assembly by Finance Minister Suresh Khanna on the second day of the ongoing winter session. The finance minister said that of the supplementary budget, the expenditure on the revenue account is ₹19,046 crore and the capital account expenditure is ₹9,714 crore.
Copyright 2023-2025 - www.financetom.com All Rights Reserved