UTV locks Rs 1.5 bn from TV rights sales for its films

MUMBAI: Riding high on the success of four films this year, UTV Motion Pictures has announced that it has locked satellite deals worth almost Rs 1.50 billion for their 2012 slate.

With the demand for movies on broadcast networks surging and with movies like Vettai (Tamil), Ek Main Aur Ekk Tu, Tere Naal Love Ho Gaya and Paan Singh Tomar performing at the box office, the studio has already signed satellite deals with broadcasters like Zee Entertainment Enterpries Ltd, Star India and Multi Screen Media.

Apart from recently released films, the deals also include yet-to-release films like Barfi, Heroine, Rowdy Rathore and Joker.

The studio is also in different stages of negotiations on this year?s slate of movies including the multi-starrer Race 2, 3D dance movie AnyBody Can Dance (ABCD), Luv Shuv Tey Chicken Khurana and Ghanchakkar.

UTV Motion Pictures CEO Siddharth Roy Kapur said, ?At UTV we have consistently focused on quality, and this is reflected in the huge confidence that satellite channels have shown in doing deals with us for our forthcoming slate of movies.?

Zee has acquired films like Barfi and Heroine.