Universal Music’s stake in Farhan Akhtar, Ritesh Sidhwani’s Excel Entertainment boosts studio’s value to ₹2400 crore
Universal Music India (UMI), a division of Universal Music Group (UMG), the world leader in music-based entertainment, formally announced that it has entered into an agreement with Indian production house Excel Entertainment. Universal has acquired a 30% stake in Excel, owned by Farhan Akhtar and Ritesh Sidhwani. The investment values Excel at ₹2400 crore ($266 … Read more