Disney To End Their Partnership With UTV, Fitoor And Mohenjo Daro Could Be The Reason
In 2012, when Walt Disney collaborated with UTV to form UTV Disney, UTV Motion Pictures was already a big name in the movie producing business and had produced films like Swades, Rang De Basanti, Jodha Akbar, Peepli Live and many more.
With a Disney collaboration, UTV went on to co-produce more successful films, such as Chennai Express, Haider, Dishoom, and Kick. However, Disney is gearing up to pull out of this partnership with UTV, citing loses and an unviable partnership thanks to film like Fitoor and the very recent Mohenjo Daro.
It is unfortunate that Disney has decided to pull the plug on the Hindi film production business, but in the current scenario, it is unviable and a loss making arm for Disney, something that they are not willing to take forward.
Tamasha, Phantom and ABCD 2, released in the 2015, but it was only ABCD 2 that grossed a 100 crore at the Box Office, while the other two films failed miserably. However, year 2014 was a much better for Disney UTV with films like Kick, Haider, PK, 2 States and Highway to their credit.
According to reports, Disney is going to focus only on Hollywood films distribution and television licensing and merchandising by pulling the plus on the Hindi film business. Siddharth Roy Kapur, the managing director, will bid adieu once his contract gets over by January. He had taken up the position on January 01, 2014.
Siddharth Roy Kapur and The Walt Disney Company have agreed not to renew the contract and the search for the new head for its India business is currently underway and off all goes well an official announcement shall be made shortly.
While many names are floating in media on the likely successor to Siddharth Roy Kapur, Abhishek Maheshwari, who currently heads consumer products, corporate strategy and business development is most likely to get the role.