Rupert Murdoch to spend billions on video rights

Rupert Murdoch’s newspaper and book publishing arm is to spend billions of dollars on video rights, as it seeks to turn the print business into a multi-media operation.

The video investment comes amid News Corp moves to split off its valuable television and film assets from its slower-growing publishing operation, which will be spun off into a separate public company retaining the News Corp name. The “new News Corp”, as it is currently known, has set aside $1bn to fuel the spending spree, but is understood to be in discussions to increase that figure to $3 billion. It will apparently use the money to experiment with new digital ideas .that will help to spur growth at the company, as well as for buying up digital companies and video rights.


Rupert Murdoch to spend billions on video rights