(MBEL), the wholly owned arm of Moser Baer has announced that it has clinched a strategic alliance with UTV Motion Pictures for the exclusive home video distribution of UTV movies.
 
According to sources, the pact will give MBEL domestic rights to UTV`s home video catalogue which comprises of 10 films. Moser Baer Entertainment will also get home video rights to all UTV productions released until mid 2009.

The sources further revealed that the take over gives Moser Baer Entertainment access to premium content from UTV. The company plans to release 15 new films over the next six months. Six of them are being released in December and January.

Shares of the company gained Rs 7.1, or 10.92%, to settle at Rs 72. The total volume of shares traded was 1,060,020 at the BSE.