UMP signs Television Rights Syndication Deals

 

TIDMUMP 
 
RNS Number : 4777D 
UMP PLC 
02 December 2009 
 

UMP Plc 
("UMP", or "the Company") 
 
 
2 December 2009 
 
 
UMP Signs Television Rights Syndication Deals 
 
UTV Software Communications Ltd ("UTV"), the parent company of UMP made an 
announcement to The Stock Exchange, Mumbai, on 30 November 2009 regarding the 
signing of a series of non-exclusive television rights syndication deals by UTV 
and its subsidiaries amounting to USD 20.5 million*. 
 
 
UMP is pleased to announce that under the above television rights syndication 
agreements the Company is expected to earn revenues of approximately USD 12.1 
million* which is anticipated to be recognised over the next three quarters. 
 
 
The full text of the announcement made by UTV is reproduced below. 
 
 
* 1 USD = 46.3 Indian Rupees 
 
 
Enquiries: 
+--------------------------------------+--------------------------------------+ 
| UMP                                  | Telephone: [phone]          | 
| Siddharth Roy Kapur                  |                                      | 
+--------------------------------------+--------------------------------------+ 
| Grant Thornton                       | Telephone: [phone]      | 
| (Nominated Adviser to UMP)           |                                      | 
| Fiona Kindness                       |                                      | 
| Robert Beenstock                     |                                      | 
+--------------------------------------+--------------------------------------+ 
| Jermyn Capital Partners Plc          | Telephone: [phone]      | 
| (Broker to UMP)                      |                                      | 
| Mehmet Ahmed/ Christopher Morris     |                                      | 
+--------------------------------------+--------------------------------------+ 
 
 
 
 
UTV SIGNS TELEVISION SYNDICATION DEALS WORTH 95 CRORES 
 
 
Inks non-exclusive slate deals with multiple broadcasters including Colors, NDTV 
Imagine, B4U and Channel 4 
 
 UTV Motion Pictures has signed a series of 
non-exclusive television rights syndication deals amounting to Rs. 95 crores. 
The deals are across their slate of 2008 and 2009 productions, from Oye Lucky! 
Lucky Oye! and Dev D to recent hits like Kaminey, Wake Up Sid and Kurbaan. 
 
 
As part of the deal, Colors will telecast the premiere run of these movies in 
India, followed by NDTV Imagine. These channels will have the right to telecast 
a fixed number of runs of each movie. UTV has the right to further syndicate the 
television rights of these movies to any other channel in the same period. 
 
 
In other overseas syndication deals, B4U has acquired the non-exclusive rights 
to air UTV's movies across its international beams; and Channel 4 has acquired 
the rights to air these movies in the UK market. 
 
 
In the last few years, UTV has carved a unique place for itself as the only non 
family-run true-blue studio model in the industry, that creatively develops, 
produces, markets, distributes and syndicates movies across various genres, star 
casts, scales and budgets. The Company has in a short span of five years, 
brought audiences such iconic films as Swades, Rang De Basanti, Jodhaa Akbar, 
Khosla Ka Ghosla, Life in a Metro, A Wednesday, Mumbai Meri Jaan, Fashion, Dev 
D, Kaminey, The Namesake and many more. It has emerged as a creative and 
marketing powerhouse, and these television syndication deals are clear testament 
to the width and depth of its content and its appeal with broadcasters. 
 
 
Speaking on this development, Siddharth Roy Kapur, CEO of UTV Motion Pictures 
said, "We are pleased to announce these television syndication deals that are 
non exclusive in nature and hence allow us to exploit the same content across 
multiple additional broadcasters in India and worldwide. The faith that Colors, 
NDTV Imagine, B4U and Channel 4 have reposed in our entire slate of productions 
is heartening and encouraging, and we will continue to work hard to bring 
audiences content that is entertaining and enjoyable, while pushing the creative 
boundaries of mainstream commercial cinema." 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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