2 Feb 2012

Disney to expand in India

10:04 am on 2 February 2012

In an expansion move, Walt Disney is to acquire a controlling stake in UTV, one of India's biggest media companies.

The cabinet has approved a proposal by Disney last month to buy shares in UTV that it did not previously own.

The acquisition price was not disclosed.

UTV is known for its film and television production as well as gaming and animation in India.

Disney already operates three TV channels there.