Siddharth Roy Kapur to step down as CEO and Managing Director of Disney India

Praising Kapur for carving a strong position for Disney in the Indian entertainment industry, Bird, in his email, highlighted the achievements of Disney India under his leadership.

“Under Sid’s leadership since 2014, awareness and affinity for the Disney brand has increased substantially. The team released India’s Highest Grossing Movie of All Time (PK) and India’s highest grossing Hollywood movie of All Time (The Jungle Book); consolidated its position as the No.1 Kids television network in the country; has grown the consumer products business, emerging as India’s largest branded licensor of consumer products; and finally, pioneered a new format of entertainment in the country by producing Disney’s Beauty and The Beast, the first-ever Broadway-scale theatrical show to be mounted in India with a completely local cast and crew. We are immensely thankful of his service and wish him well in his next venture” the email read.

Mahesh, Bird said, will resume management of all Disney businesses in India (except ESPN), with all local business segments reporting into him.

Last month, there were reports that Siddharth Roy Kapur would take over as president of The Film and Television Producers Guild of India. There was, however, no official confirmation of the same. The position is currently held by Mukesh Bhatt.