NEW YORK/MUMBAI (Reuters) - Walt Disney Co. is set to announce a joint venture with India’s Yash Raj Films to make animated films voiced by Indian movie stars, the Wall Street Journal said in its online edition on Monday.
In Mumbai, a spokeswoman for Yash Raj declined comment on the specifics of the report, but said a press conference was scheduled for Tuesday and that it concerned Disney.
The report said the venture will make at least one animated film per year.
A spokeswoman for Disney did not immediately return a call seeking comment.
Disney is looking for a bigger share of India’s rapidly growing media and entertainment market.
Last year it bought Hungama, a Hindi-language childrens’ entertainment channel from UTV Software Communications Ltd. and also took a 14.9 percent stake in the broadcaster.
Additional reporting by Rina Chandran and Jasudha Kirpalani in MUMBAI