The Walt Disney company is strengthening its
foothold in India''''s
entertainment industry by paying $203m (£104m)
to increase its stake in
UTV, a film and television producer based in Mumbai. Under the deal,
which is one of Hollywood''''s biggest steps into south Asia, Disney''''s
shareholding in UTV will rise from 13.7% to 32.1%.
UTV is best known in Europe and America for co-producing last
year''''s hit movie The Namesake which followed the struggles of Gogol
Ganguli, the son of Indian immigrants living in New York.