UTV bucks Bollywood lull with gains
EmptyUTV Software, owner of one of India's biggest film production and distribution firms, on Tuesday reported a net profit of $6.27 million for the three months ending June 30, up 176% from the same period a year ago.
Mumbai-based UTV — which also has interests in broadcasting, animation and gaming and is 32%-owned by Disney — said quarterly revenue rose to $36.3 million, up 154% from the $14.3 million earned in the same period in 2007.
UTV Motion Pictures bucked Bollywood's sluggish earnings trend with help from "Jodhaa Akbar," which boosted UTV's North American sales to $5.5 million in the first six months of the year, up from less than $500,000 a year ago. (partialdiff)