Posts Tagged ‘utv’

New and Fresh UTV

June 8, 2010

In a span of 20 years, Ronnie Screwvala-promoted UTV has grown from the early Shanti days to today’s Dadagiri mayhem, moving not just with but ahead of time. And now the company believes that the time has arrived to shed the old corporate image and don a new look.

Unveiling a new logo after so many years, the company put in plenty of time and effort before finalising the new look and feel of the brand.

UTV Software Communications co-founder and director Zarina Mehta noted that UTV has spent almost 17 years in the B2B (business-to-business) space, producing shows for others, without any real direct consumer connect. “In the last few years the company has undergone a major change with the launch of broadcasting segment with channels like Bindass, UTV Action, UTV Movies and UTV World Movies.”

“The channels cumulatively reach out to 126 million urban Indian consumers, and that’s why after 20 years of using a logo with a complete corporate look and feel, it is now moving to something which consumers can better relate to, as well as something that suits its brand image.

“On an average week 70 million individuals watch UTV group channels. Viewers spend on an average (22 week average) 60,000 hours watching these channels,” Mehta added.

With 1494 employees across the globe and with its reach expanding via the console and online gaming arms, UTV feels that it is a perfect time to unveil a logo that symbolises its beliefs

Mehta said, “The words that describe us as a firm are cool, vibrant, hatke, while the values that define us are disruptive thinking, innovative ideas, trend setting, touching edge creativity and our ability to constantly challenge ourselves and others. We wanted our new look to exemplify this.”

The company is looking actively towards new technology, new screens, new mediums and newer ways to reach out to its growing customer base, and following up on this it will launch on 20 June, content exclusively for mobiles. This is coming after the success of its audio cinema which in the last six months has garnered a customer base of 1.5 million people.

UTV ran through 400 logos submitted by eight different creative companies before deciding on the one designed by Bonsey, a Singapore company. The static version of the new logo is already out, while the animation version is currently being shot in-house by UTV, Mehta added.

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UTV ties up with Michaelson Films for Ex-terminators

May 16, 2008

UTV Motion Pictures has tied up with Michaelson Films to launch its first solo Hollywood production Ex-terminators. Ronnie Screwvala, CEO, UTV, will produce the film along with Jay Michaelson, Lawren Sunderland, and scriptwriter Suzanne Weinert.

Ronnie Screwvala said, “Over the last few years, we have forged some great working relationships with the leading studios in Hollywood and with top acclaimed international talent. This has led to some unique projects such as The Namesake , I think I Love My Wife and The Happening . We are now proud to announce our first independent production in the US.”

The film marks the directing debut of cinematographer John Inwood, and stars Heather Graham, Jennifer Coolidge, Matthew Settle, Joey Lauren Adams and Amber Heard.

Director John Inwood stated, “It’s such a privilege to be directing Suzanne Weinert’s excellent script, with such an immensely talented cast! Heather, Jennifer, Amber and Matt are such a force and such a pleasure to work with. Every scene exceeds my highest expectations. I tried to follow the essential principle of directing – that more than half the job is casting well. I think we have done just that.”

Ex-terminators is a dark comedy centering on Alex (Graham), a lonely accountant whose one act of rage results in her being sentenced to court ordered therapy.

UTV’s 5 channels hop on Sun Direct DTH

February 22, 2008

: UTV Global Broadcasting Limited (UGBL), the broadcast arm of UTV Software Communications Ltd, has announced an agreement with Sun Direct Private Limited for its DTH platform. With this, all five channels from the UGBL bouquet would be available on the latter’s DTH platform Sun Direct with immediate effect.The bouquet comprises youth channels Bindass and Bindass Movies, World Movies – India’s first and only international movie channel, UTV Movies – a mainstream Hindi movie channel and the soon to be launched UTV News – the English business news channel from UGBL.

While Bindass and Bindass Movies offer entertainment and movie content for the youth, World Movies launched in February 2008 brings to the viewers a movie experience beyond conventional offerings showcasing blockbuster movies in French, Spanish, Polish, Romanian, Dutch, Russian, Thai, Japanese, Korean, German, Persian, Italian to name a few. The movies are sub-titled in English.

UTV Movies, the Hindi movie channel is set to launch later this month with over 300 movie titles in its library. The channel will showcase blockbuster movies from the UTV group, as one of Asia’s biggest film studios. UTV has created movie benchmarks across the world with titles like Jodhaa Akbar, Rang De Basanti, The Namesake, Life in a …Metro and many more. UTV’s English Business News channel is set to launch in March 2008.

Speaking on the alliance, UGBL executive director Shantonu Aditya said, “We are indeed proud to associate with India’s leading DTH platform. The Sun Direct DTH platform has been creating waves in this space and is setting new standards of alternate distribution vehicles to the Indian consumer.”

Sun Direct TV chief operating officer Tony Dsilva added, “UTV is known to produce excellent content, offering their channels on our platform will increase consumer choice and satisfaction.”

Walt Disney to up stake in UTV to 32%, invest Rs 9.2 billion in full deal

February 18, 2008

MUMBAI: The Walt Disney Company is lifting its stake in UTV Software Communications to 32.1 per cent through a preferential allotment.

Disney is also investing Rs 1.19 billion ($30 million) in UTV Global Broadcasting Ltd (UGBL) for a 15 per cent stake, sources say. This puts the enterprise value of the broadcasting business at Rs 7.93 billion.

In UTV Software, sources add, Disney will be investing Rs 8.05 billion ($203 million) which will also give the media conglomerate a presence in the motion pictures business. UTV Software Communications holds 77 per cent in UTV Motion Pictures, a listed entity in the Alternative Investment Market (AIM) of the London Stock Exchange.

In an earlier combined deal, Disney had taken a 14.9 per cent stake in UTV while buying out kids-entertainment channel Hungama from founder-promoter Ronnie Screwvala.

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UTV promoter group will invest Rs 3.9 billion ($98 million) to keep its shareholding at 32.1 per cent, similar to what Disney will have. This will be through fresh issue of warrants. The founders of UTV Software Communications now hold 30.67 per cent in the company.

Disney will have to make an open offer for a further 20 per cent which means its stake in UTV Software Communications could go up to 52.1 per cent. Indian takeover rules make open offer mandatory for companies whose holding rises above 15 per cent.

The open offer will be at Rs 860.79 per share, according to sources. UTV shares closed 

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The broadcasting business will also see fresh capital infusion. UTV will invest Rs 2.40 billion ($ 60 million) for a 75 per cent stake in UGBL, sources say. The promoter group will hold the balance 10 per cent. UGBL is the parent company for its two wholly owned subsidiaries, Genx Entertainment Limited (Genx) and UTV Entertainment Television Limited (UETL).

Genx has launched two youth entertainment channels under the brand name of Bindass. UETL has recently launched World Movies channel and is soon to come out with UTV Movies, a Hindi movie channel.

The total capital infusion will be Rs 13.14 billion. This will include the investment by Disney in UTV and UGBL along with investments in UTV from promoter group.

Disney will make the investments through its subsidiary, The Walt Disney Company (South East Asia) Pte Ltd, sources say. The deal will strengthen Disney’s presence in India across movies, TV content, gaming and broadcasting.

Screwvala will have the optiion of retaining management control of UTV and will continue to remain CMD for two consecutive terms of five years each.

UTV launches World Movies; to add Hindi movie channel on 24 Feb

February 9, 2008

UTV Global Broadcasting Ltd (UGBL), the broadcast arm of UTV Software Communications Ltd, is launching on 24 February a Hindi movie channel.UTV Movies will operate under UTV Entertainment tv Ltd (UETL) which also launched World Movies, the World cinema channel, on 3 February.

UGBL will have two subsidiaries – UETL and GenX. The Bindass channels are under GenX

This Hindi movies channel launch will be followed by the launch of a business channel and a music channel.

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Said UTV Entertainment Television Ltd CEO Shantonu Aditya, “World Movies is a channel for an up-market audience, keeping in mind the needs of the increasingly global Indian. The channel offers contemporary, glamorous international movies from around the globe in varied genres. We launched the channel with a 65 per cent C&S availability across five metros and projecting to hit 80 per cent within a short span.”

World Movies is available in C&S, Cas platforms across households in Delhi, Mumbai, Bangalore, Kolkata and Hyderabad.

World Movies boasts of a movie library with Spanish titles like Machuca, Swindled; Romanian films like Reach for the sky; Polish films like Your Name is Justin in adiition to other films in Dutch, Thai, Japanese, Korean, to name just a few. These movies will come with English subtitles.

Walt Disney to buy 11.15 % in UTV

November 10, 2007

Walt Disney is expected to buy another 11.15 per cent stake in India’s leading media and entertainment company UTV, people close to the transaction told us. Disney is in final talks to buy this stake and the transaction price is not known.

Sources say that Disney would buy 11.15 % stake from the promoters holding led by Ronnie Screwvala, who has 30% stake in UTV. The company has a market capitalisation of Rs 1,544 crore, with an enterprise value of about Rs 1,680 crore.

The US media giant is expected to invest in UTV to attain a market leadership position and the move is expected to help both Disney and UTV. But a more than 15% stake in the UTV would require an open offer, which is mandatory under SEBI regulations.

Walt Disney last year entered into an agreement to wholly acquire Hungama TV, UTV’s homegrown kids channel and take a 14.85% equity interest in media company UTV Software Communications.

Both UTV and Disney said that they do not comment on market speculation. Walt Disney will strengthen its foothold in India with a significant ownership in UTV, which will get extra money and will also be able to produce more content for Disney.

Shares of UTV on the BSE closed at Rs 674.70 on Thursday, though it opened at Rs 725 today and has touched Rs 759 in the noon.