UTVi, will have content from ABC News as part of a tie-up with Disney-ABC International Television (Asia Pacific), Walt Disney Co.’s international television distribution arm.
Walt Disney Co. has reached a deal with Indian UTV to double its stake. This is one the Disney’s efforts to expand internationally.
Disney will raise its holding in UTV Software Communications Ltd. to 32.1%, the same level as UTV’s founders, from 14.9%.
By acquiring 9.35 million shares for 8.05 billion rupees.
Wal-Mart Stores Inc decided to exclusively sell high-definition DVDs in the Blu-Ray format,which could be a heavy blow to the rival HD DVD technology backed by Toshiba Corp.
In a statement on its Web site, Wal-Mart said that over the next few months it will phase out sales of HD DVD systems and discs. By June, it will sell only products in the Blu-ray format which was developed by Sony Corp.