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| Disney to set up pay channel arm |
| Media major Disney Enterprises of the US
has told the Foreign Investment Promotion Board (FIPB) it
will invest $10 million over a five-year period into an
Indian subsidiary to finance the launching of the Disney
Channel as a pay channel. The company will explore other
business ventures including production of movies in
India, development of theme parks, Market consumer
products and other branded merchandising, according to
Disney's application. -The Economic Times |