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February 04, 2008
Disney Aims To Raise Bollywood Stake
Disney is looking to increase its holding in a Indian media group that controls Bollywood's largest film studio. Disney currently owns 14.9 percent of UTV Software, a conglomerate that runs businesses from videogaming to cable television and is one of the most visible presences in India's booming media sector. UTV Software Communications is also the parent company of UTV Motion Pictures (UMP), a film subsidiary created to bring Hollywood-style business models to Bombay and valued at about $220 million.