Combines UTV, Disney, Indiagames businesses to drive growth in mobile, online, interative TV
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.
Walt Disney is close to increasing its stake in Ronnie Screwvala-promoted media company UTV Software Communications to 32 per cent.
Urvi Malvania reports on the restructuring expected at Disney India under new MD Mahesh Samat.
Post strategic sale, Disney will have a representative on the UTV board.
Siddharth Roy Kapur will take charge as managing director of the Walt Disney Company India from January 1.
Siddharth Roy Kapoor on UTV's expansion in the Southern film industry.
After Do Dooni Chaar, the first Hindi live-action movie distributed by The Walt Disney Company (Disney) in India, won a National Award, the Hollywood studio tied up with UTV Motion Pictures (UTV) for more.
'Our intention is to make Disney-branded clean family movies for the entertainment of the local Indian market.'
The Walt Disney Company has invested Rs 118 crore (Rs 1.18 billion) for a 15 per cent stake in UTV Global Broadcasting (UGBL), the broadcasting arm of UTV Software Communications. Walt Disney currently holds 300,000 equity shares in the company.
Indiagames is a leading developer and publisher of mobile and online games.
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 move will catapult Disney as the country's largest media and entertainment broadcaster, with over $1.3 billion of additional India revenue.
Mani Ratnam may direct the film, which will be produced by UTV and Disney.
UTV Software Communciations has acquired the promoter and employee shareholding of 30.02 per cent in Indiagames -- mobile and online gaming developer and publisher -- for Rs 94.56 crore (Rs 945.6 million).
Leading integrated media and entertainment company UTV Software Communications Ltd has decided to divest its entire stake in United Home Entertainment Ltd to the Walt Disney Company
The Finance Ministry further said decision on seven FDI proposals has been deferred.
'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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All three were just about a billion dollars in revenues (we are talking of a dollar that has been battering the rupee).
'While they are a long way off from the box office muscle that the Khans enjoy, a host of young stars are entering the Rs 100 crore club that was earlier the reserve of the seniors. This year will see a lot of young stars in action.'
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He started a fund with Rs 800 crore and made several investments.
The film hits screens this Diwali.
CEO of UTV Motion Pictures, Siddharth Roy Kapur talks movies.
UTV Software Communications has launched an English business news channel, UTVi. The channel will go on the air by April-end. The company has entered into a content tie-up with Disney-ABC International Television (Asia-Pacific), the international TV distribution arm of The Walt Disney Company, for news programming & services. The channel is positioned to cater to the growing business aspirations of young Indians. The channel will attempt to de-jargonise the financial markets.
Did Ranbir-Katrina live up to your expectations?
'There is never a safe choice in the movie business.' 'Everything is chance.'
In what will be the largest media deal in India, Multi-Screen Media (MSM), which runs Sony Television in India, is set to buy Ramoji Rao-owned Eenadu TV's (ETV's) bouquet of 11 regional channels.
The government has cleared 19 foreign investment proposals, including that of Walt Disney Company and Reckitt Benckiser (India), entailing total investment of Rs 2,326.72 crore (Rs 23.26 billion).
"If telecom changed the game for how business was done in India, then we need 20 more of those systemic game-changers to take us to the next level," Ronnie Screwvala tells Pavan Lall.
The well-reviewed film crosses Rs 300 crore revenue mark.
The 4 week online learning programme is available in English and Hindi, and will soon be offered in some regional languages.
More Indians are watching films across screens, TV, online and other platforms than ever before. Whether it is by tackling costs, processes or revenues, the trick is to find a way of making money from all of them, says Vanita Kohli-Khandekar.
All sorts of box office figures have been thrown around, so we decided to investigate the matter.
The Salman-starrer rakes in Rs 26.4 crore on opening day; more expected on day of Eid
RSVP plans to make movies on Sam Manekshaw and Ram Jethmalani.
The growing interest in alternative sports is encouraging Ronnie Screwvala to extend the U Mumba brand from kabaddi to football and volleyball.
The action romance entertainer completed its first week with Rs 163.95 crore collection at the box office.
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