Sources said Vishal Gondal, founder of Indiagames, along with existing investors Cisco and Adobe, are in talks with both private equity consortia and strategic investors to buy back the stake they'd once sold to the parent firm.
Media and entertainment company UTV Software on Thursday said it would enter into a strategic partnership with Bloomberg for content sourcing and re-branding its business channel UTVi. From October, UTVi would be re-branded as Bloomberg-UTV, while the UTVi website would also be rebranded as bloombergutv.com, UTV said in a statement. This association will give UTVi complete access to the global feed of Bloomberg TV, a global 24-hour business news channel.
Media and entertainment company UTV Software Communications has acquired 80 per cent stake in California-based gaming company True Games Interactive. The acquisition has been done through its gaming arm UTV Interactive.
UTV Software Communication Media Company has announced that they have reached agreement on the terms of a recommended Proposal pursuant to buy the remaining stake in UMP Plc for about $195 million to integrate its movie business.
UTV will also invest Rs 135 crore to enhance its existence in the animation movies segment in the next 3 years.
UTV Software Communications Ltd has bagged three animation contracts from overseas with total value exceeding over $3 million.
A separate feed of UTV Movies, tailored for the US market, is being beamed out of India and is being delivered through BT's network, BT said. The communications solutions provider has signed a similar contract with NDTV for distributing its business and lifestyle channels -- NDTV Profit and NDTV Good Times.
The scrip of television software company UTV was listed on the National Stock Exchange.
The story is about hree husbands who take a break from their married life.
UTV Software Communications has fixed the issue price for its initial public offering at Rs 130 per share.
Media and entertainment company UTV Software Communications Ltd has filed a draft prospectus with the Securities and Exchange Board of India for its initial public offer for 59.99 lakh (5.99 million) shares of Rs 10 each.
R-Cap, part of the Anil Dhirubhai Ambani Group, may get a controlling stake in the venture if the negotiations fructify.
UTV Software Communications Ltd and its animation division, UTV Toonz, has entered into an animation deal worth $10 million with New York-based BKN New Media Inc.
In the second part of this special series, we look at the UTV's releases for 2013.
The Securities and Exchange Board of India has approved The Walt Disney Company's deal to increase stake in Ronnie Screwvala-promoted UTV Software Communications beyond 15 per cent, six months after the deal was initially signed. Sebi, the market regulator, has also okayed the US-based company to launch an open offer.
Over the years, UTV has added businesses to become an integrated media house. UTV's Ronnie Screwvala shares his vision in this interview describing UTV's itinerary to success.
The company has entered into an arrangement with Indiagames and its promoters for acquisition of majority stake in the mobile and online gaming company for a consideration of around Rs 68 crore.
UTV Group will start eight new channels with an investment outlay of $200 million by March 2008.
The movie will highlight the global issue of environment versus man.
Walt Disney is close to increasing its stake in Ronnie Screwvala-promoted media company UTV Software Communications to 32 per cent.
The first general entertainment channel Bindass will go on air from September 24 along with a Hindi movie channel targeted at youth.
The funds are needed to meet losses for the next two years, sources said. The channel, which was launched in April 2008, earns around Rs 2 crore (Rs 20 million) a month and incurs an operating monthly cost of Rs 7.25 crore (Rs 72.5 million). As a result, its monthly loss is about Rs 5 crore (Rs 50 million), translating into an annual loss of around Rs 60 crore (Rs 600 million), sources said.
It missed broadcasting's first wave but UTV is looking at an AIM listing and its projects include combining the best of Hollywood and Bollywood.
Post strategic sale, Disney will have a representative on the UTV board.
Media and entertainment company UTV Software Communications would enter the capital market on February 21 with the Initial Public Offer of 69,99,950 equity shares of Rs 10 each through a 100 per cent book building route to finance its expansion plans
Seven members belonging to gangster Ravi Poojari's group were arrested on charges of an attack on the UTV office in Bangalore belonging to producer Ronnie Screwala.
'Since God was being shown in live action on such a large scale, Prasanth was initially sceptical about going with an animated character.'
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