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UTV suspends commercial deals from Pakistan
December 23, 2008 6:53:43 PM IST Bollywood Trade News Network
UTV Software Communications Ltd. today announced that it temporarily withdraws all its plans for dealings with the Pakistan market in an endeavor to support the Indian Government in demanding stricter action against terrorism emanating from Pakistan. UTV has decided not to release any of its forthcoming films in the Pakistan market until this issue is satisfactorily resolved. Also UTV is withdrawing plans of launching Bindass and Bindass Movies, two prominent channels from its stable, in this market.
"Pakistan is an important market and we have the highest regard for its people but in the present situation it is important for all companies to support our government in its demand for strong action by the government of Pakistan against terrorism. We would be happy to resume business in Pakistan once we all see affirmative action. We have so far had a wonderful relationship with our distributors there and it is unfortunate that these events have come to pass and we hope that this matter is resolved between the two governments at the earliest" clarifies Siddharth Roy Kapur, CEO of UTV Motion Pictures.