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Q409 Results: Gaming Contributes 22% To UTV Q4 Revenues; Consolidation?

(By Preethi J & Nikhil Pahwa) Gaming contributed significantly to revenues - as much as 22% for Q4, and 18% for the full year ending March 31st for UTV Software, while New Media is still struggling to get off the block at just 2% of total revenues. UTV Software reported consolidated operating revenues for FY09 at  Rs. 6769 million; Q4 Total Operating Revenues were up Rs. 2087 million, buffeted by Rs. 266 in other Operating Income, which was up from Rs. 71 million for the same quarter last year. Clarity On Disney's Stake in UTV Disney currently owns more than 59% of UTV, while its voting is capped at 32%. The founder promoters have the option to buy back 22% tendered in the open offer. Details: Financials and Release | Feb '09 Presentation | Call - 9:30 AM tomorrow Gaming For the 2008-09 fiscal, UTV's gaming business recorded revenues of Rs. 1105 million, on an investment of Rs. 3493 million. The company reported an EBITDA loss for its gaming business at Rs. 131 milion. It's worth noting that UTV expects the revenue contribution to gaming to increase in the 2009-10 fiscal: Games Content vertical for UTV will grow to contributing $150-200 million in revenue to the UTV Group within the next 18-24 months. Already, the contribution of gaming to revenues is higher than UTV had estimated in an investor presentation in February: Indiagames Mobile Gaming Supporting Games On Demand: UTV suggests that while the mobile division will grow well and deliver on margins,…

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