UTV, the producer of films like "Rang De Basanti", has terminated all commercial relations with Palador for its world cinema business with immediate effect.

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.

--- IANS