UTV and Palador's conflict heats up Print E-mail
Written by Patrick Frater   
Monday, 05 November 2007
Story Categories: Film, Finance, India, People,

SANTA MONICA – The struggle between Indian studio group UTV and indie Palador over the launch of 'world cinema' operations in the sub-continent, got a whole lot messier last week when Palador resorted to the High Court.

          Company claims that UTV has failed to comply with an arbitration decision that would have allowed the two companies to go their separate ways after a breakdown of their joint venture.

          On Aug 1 arbitrator ruled that Palador should return UTV coin within 90 days and that UTV hand over rights to 75 titles by European and Asian arthouse helmers.

          Palador says that it has raised $6 million of funding and is currently raising a further $10 million. Last month it launched a video-on-demand service hosted on the Tata Sky DTH satellite platform. UTV plans to launch a world cinema channel in India by early 2008.


© Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
Comments (0)add comment

Write comment
This content has been locked. You can no longer post any comment.
There is a problem with the comment system, or you do not have javascript enabled.

busy
 
< Prev   Next >
Powered By Page_Cache by Ircmaxell
Cannot Open The Cache File