NEW DELHI: Media and entertainment firm UTV Software Communications today said Rohinton Screwvala, Unilazer and Unilazer HK have sold all their shares in the company to The Walt Disney Company (South East Asia) Pte Ltd (TWDC SEA) for an undisclosed amount. The shareholders' agreement between Rohinton Screwvala, Unilazer Exports and Management Consultants Ltd, Unilazer Hong Kong Ltd and The Walt Disney Company (South East Asia) Pte Ltd (TWDC SEA)has been terminated with effect from February 2, 2012, UTV Software Communications said in a filing to BSE. The firm yesterday said it has fixed the exit price for shareholders at Rs 1,100 per share as part of its complete acquisition by US-based Walt Disney Company. "The acquirer (The Walt Disney Company Southeast Asia Pte Limited) has accepted the discovered price of Rs 1,100 per share and shall acquire all shares tendered through valid bids at or below the exit price," the earlier filing had said. In July last year, UTV Software had announced that Walt Disney Co has offered to buy out stakes held by public shareholders and other promoters of the company in a deal valued around Rs 2,000 crore. Subsequently, in December, 2011, the Cabinet Committee on Economic Affairs (CCEA) approved the deal. As of December 31, 2011, the promoter and promoter group shareholding in UTV stood at 70.04 per cent, including 50.28 per cent owned by Walt Disney Company (South East Asia) Pte Ltd. Rohinton Screwvala has also ceased to be the Manging Director of the company, but will continue to be a whole-time director of the company, UTV said. UTV operates in five verticals -- broadcasting, games, motion pictures, digital content and television content. Shares of UTV Software Communications Ltd were being quoted at Rs 1,063 apiece in afternoon trade on the BSE today, down 0.38 per cent from their previous close.Disney acquires Screwvala, Unilazer & Unilazer HK stake in UTV

Direct to home (DTH) service provider Dish TV India Ltd is focusing on new customer acquisition and high definition technology.Dish TV banks on digitisation, customer acquisition for growth

After 11 years of leadership among Tamil TV news channels, Kalanithi Maran’s Sun News is suddenly on shaky territory. Kalanithi Maran's Sun News battles to retain lost crown

Pavan Krishnamurthy and Raghu Batta from Ojas Venture Partners will join Venturenet’s board and the capital infusion is expected to be used to expand services.Venturenet Partners Gets Funding from Ojas Venture Partners

Direct-to-home or DTH operators, who use satellite and dish antennae, are therefore well placed to grab the business from cable operators.Cable operators facing set-top box shortage as digitisation deadline approaches near

Home shopping channel STAR CJ Alive is eyeing up to Rs 5,000-crore turnover in the next five years and plans to launch two new channels by 2014.STAR CJ Alive eyes Rs 5,000-cr revenue in five years

HGEL has said it has picked up a 15 per cent equity stake as strategic partner in UK-based Rain Post at an estimated value of 5 million pound.High Ground buys 15% stake in UK studio Rain Post

Media agency Mindshare became the first Indian agency to set up a mobile marketing facility to cater to its global clientele in Mumbai.Mindshare launches mobile marketing facility to cater to global clientele

Reliance Strategic Investments has bought a 1.14% stake in DEN Networks, one of the two listed cable distribution companies in India. RIL subsidiary, Reliance Strategic Investments buys 1.14% stake in DEN networks

Viacom18 Media, a joint venture between Viacom and Network18, will launch a comedy channel in English named 'Comedy Central' in the country next week. Viacom18 to launch English comedy channel from Jan 23

Both RIL and GE have — and have had — at the helm icons in leadership and management strategy. Both also invested in media & entertainment.Big businesses like RIL, GE features prominently in media networks

RBNL is gearing up to establish its presence in regional television space with plans to launch 2-3 channels within this year along with its US partner CBS Studios.RBNL gears up for big play in regional TV space

Movie producer and distributor Eros International Media Ltd expects earnings to rise 30 percent both this fiscal year and next.Eros International Media Ltd counting on 3D wave to boost profit

Analysts say some signs of consolidation are already visible, as media companies cobble together bouquets of channels.Recent media deals point to consolidation in the industry: Experts

Reliance Industries, India's biggest private sector company, will help broadcaster Network18 fund the purchase of a leading regional language rival, Eenadu.Reliance Industries to help Network18 purchase regional language rival Eenadu