UTV Software Communications Ltd. has announced its foray into gaming through proposed acquisitions of the controlling stake in Ignition Entertainment Ltd. [Ignition], a console gaming company based in U.K. and Indiagames Ltd. [IG], a mobile and broadband gaming company in India. This makes UTV the largest Gaming and Animation entity in India.
UTV now has competencies in Game development, publishing and distribution across mobile, online and console platforms worldwide and the capability to create IP's in all forms of content, including Live Action and Animation. The outlay for investment towards Animation properties and gaming acquisitions will be around Rs. 260 crores.
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