Rupert Murdoch to Spend Billions on Video Rights

By: Katherine Rushton | The Telegraph

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 $3bn.

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