UTV launches digital media arm

Mumbai, May 26 (IANS) UTV Monday announced the launch of its digital media arm, which would include mobile, online and Internet Protocol Television (IPTV), under the brand name of UTV New Media.

The company has acquired a controlling stake of 76 percent amounting to Rs.150 million in IT Nation, India's leading online infomediary that focuses on technology markets, covering enterprises, technology resellers and general consumers.

The company plans to invest around Rs.1.2 billion over the next two years to create a combination of Internet space with a portfolio of 10 portals targeted at specific need groups.

The digital music space has been replenished with a library of 20,000 music titles of Bollywood and regional movies, including Punjabi, Tamil and Telugu.

This particular digital space was launched Mond