UTV has formed a joint venture with Astro All Asian Networks Plc of Malaysia to introduce two children's TV channels in South East Asia. |
According to the agreement, Astro All Asian Networks would make the capital investments and UTV would be focussing on the content and marketing. |
UTV posted a net profit of Rs 3.50 crore on net sales of Rs 42.57 crore for the quarter ended June 2005. |