UTV Software Communications


UTV Software Communications is an Indian mass media conglomerate. UTV was incorporated as United Television Software Communications on 22 June 1990 by Ronnie and Zarina Screwvala.
The company later became public, on 27 November 1995, and was renamed to UTV Software Communications effective 19 March 1998. UTV was listed on the Bombay Stock Exchange and the Indian National Stock Exchange, and its motion picture division, UTV Motion Pictures Plc was listed on the London Stock Exchange's Alternative Investment Market.
In August 2006, The Walt Disney Company acquired a 14.85 percent stake in UTV. This was subsequently hiked to 32.1 percent in 2008, the same level as UTV's founders Ronnie Screwvala and Zarina Screwvala. The remaining shares were publicly traded. Disney eventually increased its ownership in UTV to 100% in 2012, making UTV Communications Software a wholly owned subsidiary.

History

At the time of incorporation, the group was primarily engaged in the production of television content for Doordarshan-Prasar Bharti and production of ad films. In 1992, with the entry of satellite TV, Zee TV commissioned the group to produce around 250 hours of content, making it one of the largest content providers. Around this time, it also expanded into the businesses of in-flight programming and dubbing. In 1993, the company acquired programs from outside producers and marketing airtime for UTV channels. In 1995, it launched a daily soap titled "Shanti" and ventured into the movie distribution business.
In May 1995, it acquired a 54.60% stake in Laezer Production to enter the area of post-production. Laezer Production was incorporated on 29 January 1982 and became a public company effective 27 November 1995. Subsequent to the acquisition of the 54.60% UTV Group stake, Laezer Production was renamed as UTV Studios in December 1995. At that time, United Studios Limited was engaged in the business of providing post-production facilities to television software houses, private producers and advertisers.
In 1996, Disney contracted the UTV Group to dub its distributed feature film library into Indian languages. During this year, the company’s In-flight Entertainment division, which was supplying Air India only, started catering to other international airlines.
In 1998, the company's subsidiary USL took over Ram Mohan Biographies, an animation production house pioneered by Ram Mohan, one of the leading animation artists in the country. The animation division in USL was called RM-USL and thereafter was rebranded as UTV Toons and remained as a division of USL.
The company then diversified into broadcasting by acquiring a controlling interest in Vijay Television in November 1998. Vijay Television was incorporated on 30 May 1996 and operated Vijay TV, a 24-hour Tamil-language channel out of Chennai. The Udayar family of Chennai initially controlled the channel as a general-entertainment network since 1992. United Breweries Group acquired the operational control of the channel in 1995 and the name was changed to Vijay TV. The UTV Group acquired the controlling interest from the United Breweries Group.
In 2000, it incorporated a group company called UTV Net Solutions, in which it held an 86% stake. UTVNet was in the business of Internet content creation and aggregation, Indian
regional language portals and leveraging of their audiovisual library rights for Internet use. In 2000, UTVNet started the business of broadband content aggregation under the brand name sharkstream.com, through its subsidiary Sharkstream.com Pte. Ltd., Singapore.
From 2000 to 2001, the UTV Group initiated a corporate restructuring exercise to consolidate their holdings in certain group companies and subsidiaries. Its main goal was to maximise shareholder value, remove conflict of interest and build a powerful combined entity.
From 2002 to 2003, the group acquired the studio business of Western Outdoor Media Technologies to attain leadership position in the post-production, special effects and animation businesses. The studio operations of WOMTL were thus merged with the group’s post-production business.
In October 2005, after a $10 million outsourcing partnership with US-based BKN New Media Inc., UTV Toons moved to expand to 200 employees and purchased additional software licenses.

Acquisition by Disney

Between 2007 and 2011, UTV was targeted for an acquisition by Fuse Global and Global Media Fund. Both corporations had approached UTV Software Communications and made several attempts to play a role in becoming a financier to the studio, but neither deals materialised.
The Walt Disney Company acquired a 50.44 per cent stake in the company, making them the majority shareholder and bringing the company into the Disney group, and in 2011, Disney offered to acquire the outstanding shares of UTV Software Communications held by public shareholders and stakeholders of the company in a deal valued around Rs 20 billion. Upon the buyout, the company was delisted from both the Bombay Stock Exchange and the National Stock Exchange of India and became a wholly owned subsidiary of The Walt Disney Company in 31 January 2012, being re-organised under The Walt Disney Company Pte Ltd.

Corporate structure

Subsidiaries/joint ventures

As of 31 March 2009, the company has the following subsidiaries and joint ventures:

[UTV Motion Pictures] (UMP) PLC

UTV Motion Pictures was a division created on 27 March 2007. On 2 July 2007, UMP Plc shares were admitted to trading on Alternate Investment Market of the London Stock Exchange. UTV Software Communications holds a 76.82% controlling stake of UMP Plc which in turn holds a 99.75% controlling stake in UTV Motion Pictures Limited.

UTV Communications (USA) LLC (UTV USA)

UTV Communications LLC is a subsidiary created on 26 April 2004 with the goal of carrying out film acquisition, syndication and distribution business in the United States.

IG Interactive Entertainment Limited (IG)

IG is a subsidiary created on 6 September 2004 with the mission to carry out film acquisition, syndication and distribution business in the United Kingdom.

UTV TV Content Limited (UTV TV)

UTV TV Content Limited is a division created on 9 July 2007 to carry on the business of producing, exhibiting and distribution of television series. RB Entertainment Limited, a 60/40 joint venture between UTV TV and Rajesh Beri, was created on 6 May 2008 to produce content for television channels.

First Future Agri and Developers Limited (FFADL)

First Future Agri and Developers Limited was created on 7 April 2008. On 11 June 2008, UTV acquired a 100% equity stake in FFADL for a consideration of Rs. 100,000, thereby making it a wholly owned subsidiary of that company. On 25 March 2009 FFADL further allotted 15.99 million equity shares at par to UTV. The status of FFADL was changed from a private limited company to public limited company on April 29, 2009.

UTV Global Broadcasting Limited (UGBL)

UTV Global Broadcasting Limited is a division of UTV created on 6 June 2007 as a broadcaster for satellite television channels in India. On 8 August 2008 UTV acquired a 75% stake in equity shares of UGBL. UGBL is a parent company for its two wholly owned subsidiaries, Genx Entertainment Limited and UTV Entertainment Limited. Genx and UETL are engaged in the business of up linking and broadcasting entertainment for non-news and current affairs channels from India.
On 30 September 2009, UTV acquired an additional 10% equity stake in UGBL from Unilazer Exports and Management Consultants Limited for a total consideration of the total stake of the company in UGBL increased to 85%.

UTV Games Limited (UTV Games)

UTV Games Limited is a division of UTV created on 5 September 2008 to oversee all of its video game assets. On 10 September 2008, UTV Games Limited acquired an 80% equity stake in True Games Interactive Inc, an online gaming start-up company based in California thereby making True Games a downstream subsidiary of the company.

UTV New Media Limited (UNML)

UTV New Media Limited is a division of UTV created on 20 September 2007. It develops and maintains websites and acquisition and exploitation of online rights on mobile, gaming and web platforms. UTV New Media was the division that managed UTV's video game development companies.

Smriti Irani Television Limited (SITL)

Smriti Irani Television Limited is a 50/50 joint venture between UTV and Smriti Irani created on 6 December 2007 to house the joint venture with Irani for television content production.

UTV Toons Limited

UTV forayed into animation production in 1998 with the acquisition of Ram Mohan Biographies. UTV's division, UTV Toons, handles its animation business.

Film production and distribution

UTV ventured into film distribution in 1996 with its UTV Motion Pictures Plc. division. UTV Motion Pictures portfolio includes Hindi-language movies, regional South Asian movies, domestic animated features and international productions and co-productions. The studio's rights and distribution are currently held exclusively by The Walt Disney Company India which uses UTV Motion Pictures as the exclusive distributor for its films in South Asian markets. It has filled this role since 2013.

Television production

UTV started off producing television content and advertisements, partnering with Indian state-broadcaster Doordarshan in 1990. With the entry of satellite television to India, UTV expanded its functions and produced television programmes for other Indian TV channels, such as Zee TV and Star Plus.
In 1995, UTV produced India's first daily soap opera, Shanti, for Doordarshan. UTV was also contracted by Disney to dub its cartoons in Hindi. Revenues from the television segment increased by 31% from Rs. 1,006 million in the previous year to Rs. 1,317 million during the year primarily because of the growth in the television business. The segment reported a profit of Rs. 54 million, compared to Rs. 180 million in the previous year.
The following is the complete list of TV programmes produced by UTV:
TitleChannel
Back to the FloorBBC World
BhabhiStar Plus
Bollywood Inc.BBC World
Bombay TalkingZee Cafe
Business BytesBBC World
C.A.T.S.Sony Entertainment Television
ChakravyuhaDD National
ChamatkarDD National
Chooha MantarHungama TV
Chota Packet Bada DhamakaZee TV
Choti MaaZee TV
CNN IndiadotcomCNN
CNN Style South AsiaCNN
Dance India DanceZee TV
Dil Se Di Dua... Saubhagyavati Bhava?Life OK
Ek Se Badhkar EkZee TV
Face to Face with Karan ThaparBBC World
Full Toss Inter School CricketHungama TV
Gajab Desh Ki Ajab KahaniyaanImagine TV
Gee Boom BhaGemini TV
Gol Gol GulamHungama TV
Hard Talk IndiaBBC World
Hero - Bhakti Hi Shakti HaiHungama TV
Hip Hip HurrayZee TV
LOC:Life Out Of ControlStar Plus
Kabhi Hero Kabhi ZeroHungama TV
Kabhie To Nazar MilaoSony Entertainment Television
Kehta Hai DilStar Plus
KhichdiStar Plus
Maayke Se Bandhi DorStar Plus
MeherDD National
Pan Asia - Journey in Asian CuisineStar World
Rakt SambandhImagine TV
Saanp SeediZee TV
SaayaSony Entertainment Television
SalanamVijay TV
SanyaHungama TV
SarhadeinZee TV
Sea HawksDD Metro
ShagunStar Plus
Shaka Laka Boom BoomStar Plus
Shanno Ki ShaadiStar Plus
ShantiDD National
ShararatStar Plus
ShishaHungama TV
Shubh VivahSony Entertainment Television
SmritiStar Plus
Sohni MahiwalDD National
Sondha BandhamSun TV
Special SquadSTAR One
Style!BBC World
Stuntmen of BollywoodNational Geographic Channel
Bournvita Quiz ContestZee TV
TigerHungama TV

Broadcasting

UTV entered into broadcasting through its acquisition of Vijay TV from United Breweries. It was later sold to Star TV in two phases, in 2001 and 2004.
In 2004, UTV launched Hungama TV, a kids channel for the South Asian market. This channel was sold to Disney India in 2006. Hungama TV was re-integrated into UTV Software Communications after it became a subsidiary to Disney.
In 2008, UTV re-entered the broadcasting business through its broadcast arm, UTV Global Broadcasting Ltd. All UTV channels became part of Disney India Media Networks in 2012 and later Star India in 2019.
In December 2007, UTV's ventured into production of gaming software and content through its subsidiary UTV Media by acquiring Indiagames Ltd., an Indian gaming company. It later went on to acquire Ignition Entertainment and True Games. After Disney acquired UTV Software Communications as a wholly owned subsidiary of The Walt Disney Company India, it liquidated UTV Ignition Games assets.

Partnerships

The UTV Group’s relationships include the following.