{"id":983560,"date":"2026-01-06T08:49:10","date_gmt":"2026-01-06T03:19:10","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=983560"},"modified":"2026-01-06T08:51:10","modified_gmt":"2026-01-06T03:21:10","slug":"universal-music-acquires-30-stake-in-excel-entertainment","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/01\/06\/universal-music-acquires-30-stake-in-excel-entertainment\/","title":{"rendered":"Universal Music acquires 30% stake in Excel Entertainment"},"content":{"rendered":"<p>Mumbai: The India unit of Universal Music Group (UMG), world&#8217;s largest music company, has acquired a 30% stake in Farhan Akhtar and Ritesh Sidhwani\u2019s Bollywood production house Excel Entertainment at an enterprise valuation of Rs 2,400 crore, in one of the largest deals in the film entertainment business. <\/p>\n<p>Under the agreement, Akhtar and Sidhwani will retain creative control, while UMG gains a foothold in the video business and strengthens its Bollywood music catalogue. Devraj Sanyal, Chairman and CEO of Universal Music India &amp; South Asia and SVP of Strategy for Africa, Middle East and Asia, will join Excel Entertainment\u2019s board.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: The India unit of Universal Music Group (UMG), world&#8217;s largest music company, has acquired a 30% stake in Farhan Akhtar and Ritesh Sidhwani\u2019s Bollywood production house Excel Entertainment at an enterprise valuation of Rs 2,400 crore, in one of the largest deals in the film entertainment business. Under the agreement, Akhtar and Sidhwani will retain creative control, while UMG gains a foothold in the video business and strengthens its Bollywood music catalogue. Devraj Sanyal, Chairman and CEO of Universal Music India &amp; South Asia and SVP of Strategy for Africa, Middle East and Asia, will join Excel Entertainment\u2019s board.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[58,4,10],"tags":[],"class_list":["post-983560","post","type-post","status-publish","format-standard","hentry","category-broadcasting-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/983560","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=983560"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/983560\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=983560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=983560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=983560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}