June 11, 2007
Bollywood studio to list on AIM as chairman focuses on turnover
www.business.timesonline.co.uk
By Dan Sabbagh
UTV estimates that its studio has about 15 per cent of the Indian market, and that a film can typically generate about $1 million to $10 million at the box office, plus a little extra in home entertainment sales. By Dan Sabbagh
-UTV Motion Pictures is a spin-off from the Indian media conglomerate UTV Software Services, and the company is hoping to be worth $300 million, leaving British investors with 25 per cent.
-Because UTV Motion Pictures is a new entity, there are no historic turnover figures, although UTV’s film arm has turned over $50 million in the past.
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