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UTV to invest Rs 20cr in DTH programming

10-November-2000
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UTV to invest Rs 20cr in DTH programming

UTV, a leading television content and animation producer, expects to reap big gains as demand for TV content soars with the advent of direct-to-home broadcasting services. News Corp has a 12 per cent stake in UTV while US investment company E M Warburg Pincus holds an 18 per cent stake. "With DTH, we see ourselves ramping up our content. We want to develop specific channels to offer to a DTH bouquet provider," Screwvala said. These would cater to children's programming, educational and home shopping. UTV, which has post production facilities and is involved in dubbing, broadcasting and broadband activities will invest about Rs 20 crore ($4.3 million) in DTH-related business. Walt Disney, 20 Century Fox, TNT Cartoon Network and Warner Bros are some of UTV's high profile global clients. UTV’s focus areas are animation, content, broadband and broadcasting but it expects to see a growth of 50 per cent of its revenues in the next two to 2-½ years coming from international operations. The UTV group has a turnover of about Rs 175 crore out of which overseas business contributes around Rs 20 crore. Sharkstream.com, UTV's broadband network, offers 15 video channels and about 40 radio stations in Singapore and recently set up two local sites in India and Taiwan.

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