The Walt Disney Company is exploring India as a production base for its animation and feature films, and is planning to tap the country's commercial ability, including that in radio, animation and TV broadcasting and content, reports the HINDUSTAN TIMES.
"India is a significant base for outsourcing of entertainment content and co-production, and we are on a fact-finding exercise in the country", Walt Disney coo Andy Bird said in Mumbai on March 15, 2004. Meeting with information and broadcasting minister Ravi Shankar Prasad, Bird said Disneys priority would be investing in radio, music and film industry. Walt Disney intends to have a powerful presence in India, Bird said, according to the HINDUSTAN TIMES.
The I&B minister said he had briefed Bird on Indias regulatory and cultural framework and added that the government would discuss possible tie-ups with the Films Production Division and other organizations in India.