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UTV suspends all commercial deals with Pakistan
Calcutta News.Net
Tuesday 23rd December, 2008 (IANS)
UTV Software Communications Tuesday temporarily deferred all deals with Pakistan in an endeavour to support the Indian government in demanding stricter action against terrorism emanating from across the border.
The UTV has decided not to release any of its forthcoming films in the neighbouring market until the issue was satisfactorily resolved.
'Pakistan is an important market. 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,' said Siddharth Roy Kapur, CEO of UTV motion pictures, in a statement.
'We would be happy to resume business in Pakistan once we all see affirmative action,' he added.
The entertainment and media network has also withdrawn plans of launching two of its channels - Bindass and Bindass Movies in the country.
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