UTVM Utv Motion

RNS Number:2702H
UTV Motion Pictures PLC
08 November 2007

FOR IMMEDIATE RELEASE                                            8 November 2007

        SUB-DISTRIBUTION DEAL FOR WORLDWIDE RIGHTS OF FIROZ NADIADWALA'S
                      "WELCOME" TO THE INDIAN FILM COMPANY

UTV Motion Pictures Plc (AIM: UTVM) today announces a sub-distribution deal for
the sale of the worldwide distribution rights of the film "Welcome" to The
Indian Film Company (AIM: IFC).

"Welcome", a light-hearted comedy due for release in the Christmas period, is
written and to be directed by Anees Bazmee and follows his last film "No Entry"
released in 2005, which achieved worldwide gross ticket sales of INR850 million
(approximately #10.8 million)

"Welcome" is to be produced by Firoz Nadiadwala's Base Industries and boasts an
all-star cast led by Akshay Kumar and co-starring Feroz Khan, Katrina Kaif, Anil
Kapoor, Paresh Rawal, Nana Patekar and Mallika Sherawat. The music for the film
will be composed by Himesh Reshamiya and Anand Raj Anand with lyrics created by
Javed Akhtar.

Siddharth Roy Kapur, Director of UTV Motion Pictures commented, "This agreement
with The Indian Film Company results in an attractive return on our investment
in "Welcome" and is in line with our strategy for optimising risk. It will also
release funds which we will use to continue the expansion of our core movie
production activities."

Sandeep Bhargava, CEO, The Indian Film Company commented: "We are delighted to
have acquired this title and believe it has the potential to deliver strong
returns at the box office. This acquisition is in line with our stated objective
of building a slate of high quality content with worldwide audience appeal."

ENDS

CONTACTS

UTV Motion Pictures Plc                                         +91 22 2495 2513
Siddharth Roy Kapur

Grant Thornton (Nomad)                                       +44(0) 207 383 5100
Gerry Beaney

Jermyn Capital (Joint Broker)                               +44 (0) 207 399 2020
Dharmesh Doshi

Bankside (Financial PR)                                    + 44 (0) 207 367 8888
Simon Bloomfield or Andy Harris










                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
DISUUGACGUPMUBR

Utv Motion (LSE:UTVM)
Historical Stock Chart
From Oct 2024 to Nov 2024

Utv Motion (LSE:UTVM)
Historical Stock Chart
From Nov 2023 to Nov 2024