The partnership came to an end due to material breach of terms of agreement by Palador and its co-promoters Gautam Shiknis and Mohan Polamarasetty, said a press release.
From now on, UTV will operate the world cinema business under the brand name Olive. The production house's plans include rolling out a DVD label under the new brand name and the launch of its television channel on world cinema by year-end.