Tuesday, June 12, 2007

investing companies

UTV on an expansion spree

UTV wants to be a global player in the entertainment industry. The company has announced its floating of eight new international channels, targeting all sections, including kids, youth, and families by investing $200 million.

Four of the channels will kick off in August and the other four by this year's end.

Ronnie Screwvala's promoted UTV also plans to make 12 films in a month. The company will be listed on London Stock Exchange next month.

It may be recalled that Walt Disney acquired a 15% stake in the company. .

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