In a significant move for the entertainment industry, Universal Music India (UMI) has purchased a 30% equity stake in film and digital content studio Excel Entertainment, valuing the company at Rs 2,400 crore. The announcement was made during an event in Mumbai, attended by Maharashtra Chief Minister Devendra Fadnavis.
The Chief Minister expressed his delight at the acquisition and attributed the success to Prime Minister Narendra Modi for initiating the transaction during the WAVES Summit 2025. He highlighted the importance of enabling creativity and emphasized Mumbai’s role as a creative hub.
Stressing the impact of this collaboration on India’s global presence in the media industry, the Chief Minister emphasized that Mumbai is emerging as a key player in the global media ecosystem. He underscored the significance of Universal Music Group’s decision to deepen its involvement in India through Excel Entertainment, a Mumbai-based studio.
The Chief Minister outlined the factors that make Maharashtra an attractive destination for global investors, including talent, policy stability, respect for Intellectual Property, speed of execution, and a supportive ecosystem. He reiterated the government’s commitment to providing world-class opportunities for hardworking individuals and positioning Mumbai as a storyteller on the global stage.
