Uh-oh. Disney’s hungry, and it want to nibble on a bit of India. UTV is known for making TV shows and films in India. But to us, they’re the guys that own Ignition Entertainment, the publishers of Muramasa: The Demon Blade, Dragon’s Crown, and Deadly Premonition as well as the developers of El Shaddai: Ascension of the Metatron. BBC reports that Disney saw the opportunity to increase their presence in India when they noticed that UTV had shares that they didn’t own, and seized a controlling portion of UTV. Once the acquisition is finished, Disney will delist UTV from the Bombay Stock Exchange. So far a brand name change is unknown. As for Ignition, this could be wither good or bad. Good because Disney could finance them after a rough 2011. Bad because Disney might either let them go to fend for themselves, or just shut them down, leaving the fate of PSV/PS3 game Dragon’s Crown‘s western release up in the air.
Walt Disney acquires controlling stake in India’s UTV [BBC, via Destructoid]
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