Bloomberg News

Disney to Acquire Control of India’s UTV Film and TV Producer

February 01, 2012

Jan. 31 (Bloomberg) -- Walt Disney Co. agreed to acquire a controlling interest in UTV Software Communications Ltd., a film and television company in India.

UTV will be integrated into Disney’s operations, the Burbank, California-based company said today in a statement. UTV Chief Executive Officer Ronnie Screwvala was named managing director for India, reporting to Andy Bird, chairman of Walt Disney International.

Disney owned 50.44 percent of UTV in July when it made a 20.1 billion rupee ($455 million) offer for the rest of the company.

To contact the editor responsible for this story: Rob Golum at rgolum@bloomberg.net


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