Overview
- Universal Music India will acquire a 30% stake in Excel Entertainment in a definitive deal valuing the studio at ₹2,400 crore.
- UMG will distribute all future original soundtracks from Excel projects worldwide, with a dedicated Excel music label to be launched.
- Universal Music Publishing Group becomes Excel’s exclusive publishing partner, opening pathways for UMG and UMI artists across future titles.
- Devraj Sanyal will join Excel’s board, while founders Ritesh Sidhwani and Farhan Akhtar continue to lead creative direction and content decisions.
- The partnership was announced at a press event attended by Maharashtra Chief Minister Devendra Fadnavis, with advisors including Morgan Stanley, AZB & Partners, Khaitan & Co., KPMG and Ernst & Young; outlets cite USD equivalents around $266–$300 million for the valuation and roughly $80–$90 million for the stake.