Financial Daily from THE HINDU group of publications
Tuesday, Sep 07, 2004
Financial Daily from THE HINDU group of publications Tuesday, Sep 07, 2004 |
||
|
|
||
|
Corporate
-
Announcements UTV bags 3 animation projects Our Bureau
MUMBAI: UTV on Monday announced that it has bagged three new animation projects at a combined value in excess of $3 million. These projects are from a wide variety of markets including South Africa, Canada, the US and Holland. UTV is also planning to increase its studio capacity by three-fold by increasing its personnel from 50 to 150 and invest in animation infrastructure. The projects bagged by UTV include, `Lost in Paris' a co-production with Awesome Kids LLC - USA, toy makers in America; `Magic Cellar' commissioned by South African Broadcasting Co-operation; Series II of UTV's earlier projects, `Honk Toot and Swoosh' a 3D animation show with CCI Entertainment of Canada and Creative Graphics of Holland. UTV has also entered into another worldwide distribution deal with its co-production partners for the Series I of `Honk Toot.' CCI of Canada has projected revenue of $20 million over 3-4 years and UTV's Co-Production stake is between 10-15 per cent. "We have always been very committed to the Animation business as part of our TV content growth. Three global majors taking cognisance of our quality and services is a further endorsement of our continued commitment to this growing Creative Outsourcing and Services business," UTV said in a press release quoting Mr Ronnie Screwvala, CEO, UTV.
More Stories on : Announcements | Entertainment & Leisure
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|