Report: Disney wants to buy UTV/Ignition for $454M
The Walt Disney Company is allegedly working to fully acquire UTV, parent company of Ignition Entertainment, for $454 million. Develop reports that Disney, which already owns 50.4 percent of UTV, is seeking to fully acquire the company for its Bollywood films and TV shows -- and not for its games. If the deal does happen, Ignition's fate would be in the hands of Disney.
Ignition has been troubled for quite some time, altering its business strategy last year and ceasing to develop core games internally. Disney's strategy, on the other hand, has seen the shuttering of its core game studios like Black Rock and Propaganda, and a heavy emphasis on the social space. Disney's acquisition of UTV may have nothing to do with games on the surface, but it'll likely impact Ignition in a dramatic way.
