UTV CMD Ronnie Screwvala says in an interview with CNBC-TV18 that the total outlay for their broadcasting business is expected to be around Rs. 600 crore - of which Rs. 150 crores will be invested by UTV, and Rs. 450 crore will be raised from a strategic partner. They’re in talks with three companies and expect to close the investment within 90 days.

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Screwvala expects game development and publishing publishing activities in the UK to contribute Rs. 75-100 crore to the company’s topline: Ignition is creating three very high-end games, which will be ported across PS3, PS2, Xbox and others, and The company plans to launch eight more channels (after Bindass) - a Hindi movie channel, a world cinema channel, four channels under the brand Bindass, and three others which they will announce later.

They’ve projected a topline of Rs. 400 crore for the financial year 2007-08, and expect EBITDA margins to quadruple.

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