In a latest development, UTV Motion Pictures has decided to exit the home entertainment business. With an intention to focus on theatrical distribution, UTV has announced that Moser Baer will have an exclusive home video licence for UTV’s 25 films for the next five years. The estimated size of the deal stands at Rs 250 million.
“In recent times, UTV has emerged as one of the leading studios in the country and its home video titles add lustre to our product line. In less than two years we have emerged as the leading player in the home video business, with over 10,000 titles in all Indian languages. The objective is to provide new and premium content at regular intervals at delightful prices. We want our consumers to watch original and quality films rather than pirated products,” said Harish Dayani, CEO, Moser Baer Entertainment.
After the announcement, Moser Baer plans to release 15 films from the UTV stable in the next six months. Six of them will be released in December and January. They are A Wednesday, Mumbai Meri Jaan, Welcome to Sajjanpur, Fashion, Kismat Konnection and Oye Lucky Lucky Oye.
— IndiaRetailing Bureau