Universal Music Buying 30% Stake In India’s Excel Entertainment
Universal Music India (UMI) is set to take a minority stake in Excel Entertainment, the Bollywood movie and digital studio behind films such as Dil Chahta Hai and Don. The definitive agreement hands Universal Music Group (UMG)-owned UMI a 30% shareholding in Mumbai-based Excel, valuing the company at ₹2,400 crores ($300M). Though the value of […]
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