Bollywood influences Hollywood: Murdoch

Business tycoon, Murdoch, has challenged the prevailing theory of Hollywood influencing Bollywood. Reportedly, for Murdoch, whose business empire stretches from newspapers to television channels to filmed entertainment, among others, India is more welcoming of competition in the media industry.

According to media conglomerate News Corp chairman, Murdoch, "India, which far, far earlier in the economic development cycle, has been more welcoming of competition and so Bollywood has come to influence Hollywood, financially and creatively."

Fox Filmed Entertainment from Murdoch's News Corp is a leading entity in movie production and distribution.

News Corp also owns prestigious brands like The Wall Street Journal, The Times, The Sunday Telegraph, National Geographic and Dow Jones.

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