UTV Software, a BSE listed company in which Disney owns a significant stake, has reported a decline in the contribution of gaming to its revenues: while last quarter, the Gaming division contributed 22% to UTVs overall revenues, for the quarter ending June 30th 2009, Gaming contributed only 14 percent. Details: Financials | Release | Call (None) UTV reported an EBITDA loss of Rs 96.4 million for its gaming segment, up from a loss of Rs. 33.03 million reported in Q1 last year, and lower revenues at Rs. 117.16 million, from Q1-09. The investment in gaming continues with Rs. 3976.84 million invested in the gaming business in Q1-10, up 89.4 percent year on year. Revenues were down, according to the company, because no game was released this quarter. There's nothing on Indiagames' contribution to gaming revenues, but the gestation period for…
