Walt Disney (DIS) Will Become Leading Film Studio in India with New Acquisition
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The Walt Disney Company (NYSE: DIS) will acquire, through a subsidiary, a controlling interest in UTV, one of India’s premier media and entertainment companies. The acquisition will be completed through a successful delisting offer and will enable Disney to integrate UTV’s current operations. In addition, UTV CEO Ronnie Screwvala has been named Managing Director, The Walt Disney Company India reporting to Andy Bird, Chairman, Walt Disney International.
As a result of this acquisition and building on UTV’s success in the market, Disney will be India’s leading film studio and will produce both UTV and Disney-branded local films.
As a result of this acquisition and building on UTV’s success in the market, Disney will be India’s leading film studio and will produce both UTV and Disney-branded local films.
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