UTV suspends commercial deals with Pakistan1 min read . Updated: 24 Dec 2008, 04:43 PM IST
UTV suspends commercial deals with Pakistan
Mumbai: UTV Software Communications Ltd today said it has decided not to release any of its forthcoming films in Pakistan in a gesture of support to Indian government in demanding stricter action against terrorism emanating from that country.
UTV is also withdrawing plans of launching ‘Bindass´and ‘Bindass Movies´, two channels from its stable, in Pakistan market, a company release said here today
“Pakistan is an important market and we have the highest regard for its people 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", CEO of UTV Motion Pictures Siddharth Roy Kapur said.
“We would be happy to resume business in Pakistan once we all see affirmative action. We have so far had a wonderful relationship with our distributors there and it is unfortunate that these events have come to pass and we hope that this matter is resolved between the two governments at the earliest", he added.