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The Walt Disney Company (India)

History

The Walt Disney Company (India) Private Limited (WDCI) started operations in July 2004 based in Mumbai. On 17 December, Walt Disney Television International India launched the Disney Channel and Toon Disney channel with three language feeds (English, Tamil and Telugu). The channels are to be distributed by the Star Group.

In July 2006, Disney India acquired a controlling stake in Hungama TV from UTV Software Communications Limited while also taking a 14.9% share in UTV. On 26 September, the Disney Jeans brand was launched under license to Indus Clothing, who planned to open 30 Disney Jean stores by the end of 2007. In October, DCP franchised to Ravi Jaipuria Corporation the rights for five years to set up 150 Disney Artist brand stores and wholesale under the Disney Artist brand Disney character branded greeting cards, stationary, arts, crafts and party product in India, Nepal, Sri Lanka, Bangladesh and Maldives.

In 2008, the company took an additional 17.5% share in UTV.

Disney Publishing Worldwide (India), a division of Walt Disney Company (India), announced a licensing agreement in April 2009 with local publisher Junior Diamond to publish Disney comic books, in both English and Hindi. Jetix/Toon Disney switch over in India to Disney XD on 14 November.

In May 2011, Disney and UTV agreed to co-produce Disney branded family films with both handling creative function and UTV producing, marketing and distributing the films. Walt Disney Company (South East Asia) Pvt Ltd. in July 2011 offered to purchase the public shareholders' stakes with approval given by the Cabinet Committee on Economic Affairs for them to increase their ownership. In February 2012, Disney announced the completion of the acquisition of UTV with UTV Chief Executive Officer Ronnie Screwvala becoming Managing Director of TWDC India.