Disney India out of business; will no longer produce films in India

Disney India, the owner of UTV Motion Pictures, one of India’s top film studios, has decided to pull out from its Hindi film production business. However, it will continue with its Hollywood films distribution and television and licensing and merchandising businesses in India, three people aware of the matter told ET.

MD Siddharth Roy Kapur will be signing off from his role when his contract gets over by January, after three years of being in the position.

"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," said a source.

With several names making the rounds, Abhishek Maheshwari, who currently heads consumer products, corporate strategy and business development, will most likely be entrusted with the responsibility.

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