Business Standard

Walt Disney alliance on the cards

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BS Reporter Mumbai
Yash Chopra's Yash Raj Films plans to tie up with media and entertainment major The Walt Disney Company.
 
The Indian production house together with Walt Disney will churn out animation movies for the domestic audience. Chopra would use his clout to rope in Bollywood stars to lend their voices for animated characters, sources said. Both the companies plan to release at least one movie a year.
 
The joint initiative will further strengthen Walt Disney's presence in the Indian media company. It already holds 14.9 per cent stake in the Ronnie Screwvala-promoted UTV Software Communications and had also bought UTV's Hindi kids channel, Hungama, last year.
 
Industry experts believe the Indian animation industry is largely influenced by global trends. The global animation industry is expected to grow at a compound annual growth rate of 8.6 per cent in the next four years, according to a PwC report. At present, the domestic animation industry comprises around 300 studios.

 
 

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First Published: Jun 12 2007 | 12:00 AM IST

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