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Faced with ballooning costs for movies, TV and video games, the entertainment industry prefers to bet on bankable franchises with built-in fan bases.
Japan's Sony has appointed a Walt Disney executive, Gaurav Banerjee, as its new India chief executive to lead its television and other media businesses, two people familiar with the matter told Reuters on Tuesday. Banerjee has resigned from Disney's India unit where he was the head of content for its streaming service, Hotstar, and head of business for the company's TV channels in Hindi-speaking markets, one source said. A second source said Banerjee would join Sony in about two months.