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Universal Music Group acquires 30% stake in Excel Entertainment at ₹2,400 cr valuation
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Universal Music Group acquires 30% stake in Excel Entertainment at ₹2,400 cr valuation
Universal Music Group’s India arm has acquired a 30 percent stake in Excel Entertainment at an enterprise valuation of ₹2,400 crore, marking one of the largest recent transactions in India’s filmed entertainment sector. The deal gives Universal Music Group a strategic entry into long-form video and film production, while deepening its exposure to Bollywood soundtracks and original IP. Founded by Farhan Akhtar and Ritesh Sidhwani, Excel Entertain…
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