James Murdoch Uses Money From Fox Disney Merger To Invest in Water and Whiskey Pods
If you’ve been following along with MickeyBlog then you no doubt no that last year Fox was sold to The Walt Disney Company who now has rights to titles from 20th Century Fox and shows from the Fox Network including the Simpsons. The merger did not include Fox News.
So what has James Murdoch (son of Rupert Murdoch) been doing with the $2 billion dollars he made in the sale? According to a recent piece in the DailyMail the answer may surprise you!
After the sale, rumors were surfacing in the industry that James Murdoch would be signing on as an exec with Disney. However, that never came to fruition and Murdoch has instead chosen to go a different route – investing in green start-up companies.
It emerged yesterday that Murdoch plans to invest in three climate initiatives, including two that develop non-plastic containers.
One such initiative is with a company called Notpla. The start-up produces packaging that holds everything from water to alcohol and dissolves sort of like Tide Pods.
In addition, Murdoch has also announced plans to invest in another environmental-focused company- Cove which is designing water bottles that are biodegradable.
Murdoch has long had a focus on environmental issues. According to the piece in the DailyMail, back in 2006, he was focused on making Sky carbon neutral and recently criticizing coverage of the Australian Bush Fires.
Readers are encouraged to keep following along with MickeyBlog for the latest Disney-related news and updates!
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