UTV syndicates upcoming movie rights for Rs 707.5 million

MUMBAI: Ronnie Screwvala-promoted UTV Software Communications’ Motion Pictures division has concluded syndication deals worth Rs 707.5 million for its upcoming movies with satellite broadcasters and two music companies.

The syndication deals include television rights of three yet-to-release movies – I Hate Luv SLorys, Guzaarish and Tees Muar Khan, while the audio rights also include that of Raajneeti.

UTV, however, did not disclose the names of the channels or music companies.

UTV will release a slate of 10-12 movies this fiscal. The company will adopt a de-risking model, engaging in pre-sales as a strategy which will cover up to anywhere as high as 50 per cent of its film production cost.