UTV to Set Up Business Channel

After launching Bindaas – a television channel for youth, UTV , according to Media Newsline Privileged sources, is in a process to set up a business news tv channel.

Sources close to UTV said the group is keen to set up a business news channel as a joint venture with ABC News. ABC News is owned by Walt Disney which already owns 14.85 percent stake in UTV.

UTV Broadcasting Ltd (UBL) has already announced to start a bouquet of channels that it will also distribute. This includes India’s first 360* Entertainment Brand for Young India and related channels called “Bindass”, a World Cinema Channel entitled “Olive TV” and a slue of other Channels to be announced soon. After the roaring success of its Kids Channel – Hungama Tv to the Number 1 position in 18 months.

UTV Software Communications Ltd. is India’s foremost Media & Entertainment Company with leadership position in 4 Verticals that includes Motion Pictures, Broadcasting, TV Content and New Media (i.e. Animation and Gaming). Listed on the Mumbai Stock Exchange. The Walt Disney Company holds a strategic stake in UTV who has subsidiaries for its businesses across India, the UK and USA.

UTV Motion Pictures pioneered the Studio Model in India with operations encompassing Production, Marketing, Distribution and International Co-Productions. Strategic relationships with 20th Century Fox, Walt Disney and Sony Pictures along with Will Smith’s Overbrook have positioned UTV as the only South Asian Company in the International Movie Space. Recent releases include Mira Nair’s “The Namesake” and under-Production M. Night Shyamalan’s “The Happening”. Its Indian slate includes the BAFTA nominated Rang De Basanti with a slate of over 12 movies on the floor, along with its International Co-Productions makes it the largest Movie Studio in South Asia.

In New Media, UTV has one of the largest 3D Animated facilities located in Mumbai and after it acquiring controlling stakes in two Gaming Companies i.e. India Games (India’s largest Mobile Gaming company) and Ignition UK (Console Gaming) along with it having under Production three of the largest Animation movies to come out of India in the next 2 years, it has carved a space as the premier New Media Company in South Asia.

In Television Content, a business with which UTV was founded, the company produces and markets over 20hrs of Television programmes a week in multiple languages.

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