HONG KONG: Hong Kong media mogul and philanthropist Sir Run Run Shaw died at home on Tuesday, according to local media reports. He was 107.
TVB said in a statement that Shaw, its chairman emeritus, passed away peacefully with his family by his side, at 6.55am local time.
He was survived by two sons and two daughters, as well as his second wife and long-time assistant, Mona Fong. His first wife Lady Lily Shaw died in 1987.
Shaw, who was knighted in 1977, founded film company Shaw Studios with his brother Runme.
He was one of the founding directors of TVB in 1967 and executive chairman for 30 years.
With his vision and energy, he had built the company to become Hong Kong's premier television station. He retired as chairman of the company at the age of 104.
Shaw played a key role in the growth of South-East Asia's fledging entertainment industry in its early years.
TVB said the funeral will be private and a memorial service will be held with the details to be announced later. - ANN/Singapore Straits Times/Bernama
Movie mogul Run Run Shaw dies