Utv will also invest usd 60 million in ugbl for a 75% stake, while the remaining shares will continue to be held by the promoter group disney in india the walt disney company (india) opened in july 2004 with its head office located in mumbai in less than three years, it established a strong foothold in this diverse and highly dynamic market.
Utv software communications ltd (abbreviated as utv) is an indian mass media conglomerate owned by the walt disney company india utv was incorporated as united television software communications pvt ltd on 22 june 1990 by ronnie screwvala and zarina screwvala.
Walt disney's expansion plans in india have received a big boost as it agreed to acquire a controlling stake in utv, one of india's biggest media companies the move comes after india's cabinet approved a proposal by disney last month to buyout shares in utv that it did not previously own. The walt disney company increases strategic investment in utv mumbai, and burbank, calif — february 18, 2008 — utv software communications limited (utv) and the walt disney company (nyse: dis) announced today that disney’s subsidiary the walt disney company (southeast asia) pte ltd will increase its strategic investment in utv, subject to utv shareholder and regulatory approvals.
In addition, utv ceo ronnie screwvala has been named managing director, the walt disney co india, reporting to walt disney international chairman andy bird disney first acquired a 149 percent stake in utv for about $15 million in 2006. Utv and disney: a strategic alliance the global opportunities utv software communications ltd is considering the proposal for an alliance with the walt disney company that want to acquire 100 per cent of utv's channel, the hungama tv in general, the utv's opportunities to expand globally include several scenarios. Utv is listed on india’s premier stock exchanges, the bombay stock exchange (bse limited) and the national stock exchange (nse), and the walt disney company holds a strategic stake in the company more information on the group is available at wwwutvgroupcom.
Utv motion pictures (also known as disney-utv) is the feature film unit of utv software communications utv motion pictures is one of the leading film studios in india and one of the largest production studios in south asia. Utv software communications ltd is considering the proposal for an alliance with the walt disney company that want to acquire 100 per cent of utv's channel, the hungama tv in general, the utv's opportunities to expand globally include several scenarios.
Utv motion pictures was founded by ronnie screwvala and zarina screwvala in 1996 as utv motion pictures plc, the film distribution division of utv software communications utv motion pictures then moved into film production in bollywood , and further expanded in hollywood in partnership with studios such as 20th century fox , walt disney. Diversified entertainment group enhances disney's position as a major content player in india new delhi – the walt disney co announced wednesday it will acquire, via a subsidiary, a controlling interest in mumbai-based utv, one of india’s leading media and entertainment companies. Home companies money industry technology politics opinion ai science sports multimedia education consumer specials.
Disney to acquire controlling interest in utv software communications limited (utv) in india burbank, calif and mumbai, india (january 31/february 1, 2012) – the walt disney company (nyse: dis) announced today it will acquire, through a subsidiary, a controlling interest in utv, one of india’s premier media and entertainment companies.