VC funding movies in India August 11, 2006
Posted by rajAT in india, movies, venture capital.trackback
Venture funds are now eyeing Indian movies. Chennai-based Pyramid Saimira Theatre is setting up a $150m fund for production and distribution of regional and Bollywood movies.
Pyramid Film Fund will unveil itself over the next nine months in three avatars of $50m each — based on the level of risk and exposure.
The Pyramid group will sponsor around 25% of the fund, while the remaining is being raised from venture funds and institutional investors. The movies that the fund finances — mostly in the mid-budget range of Rs 5-10 crore — will be distributed and exhibited by Pyramid group through its country-wide theatre chain.
Pyramid group, which is currently focused on exhibition markets in Andhra Pradesh, Tamil Nadu and Karnataka with around 120 screens, has chalked out plans for country-wide presence with around 2,000 screens by December ‘07. As part of its foray into north India, the group has tied up with Delhi-based developer Spirit Global for presence in 60 malls across Punjab.
Funds’ first project, Dasavatharam, will be released with over 1,000 prints across the country in April next year, and dubbed in several regional languages, including Hindi and Telugu. Talks are currently on to finance few Bollywood movies, including several regional language ones.
Over the last three-four years several corporates, including the ADAG, Tata and Aditya Birla groups have set aside corpus for financing and distribution of movies.
[...] source NowPublic [...]
[...] source NowPublic [...]
No wonder. There is no businness like show business.
@Hiren Oh yeah there is nothing like show business.
Thanks for the links guys. Dint know tht bollywood is so much wanted ..
Hi,
I’m looking for VC for the sequel of one of the most admired and popular Indian films SHOLAY. In brief SHOLAY Gen-X is the story of new generation actors like Sunny Deol, Boby Deol, Abhishek Bachchan, Esha Deol. They reunite the families, got apart in the Sholay, of Thakur Sahib, Veeru and Jay. The Ramgarh is revisited. The USP : Mr. Amitabh Bachchan is there, who played the character of Jay and dies in the end.
Sholay still reins in the mind of Indian film lovers all over the world, even after three decades.
The concept of marketing the film is untried and unique in many ways.
If any VC comes forward will invest the money only in signing the actors, not more than $1million, as per the contract full amount is not given in advance, therefore, it can be a profitable proposition.
Looking forward for the response.
Thanks,
Hemant Pachauri
E-mail: hemantpachauri@yahoo.com
hey guys,
Im a writer-director and am starting the filming of my first movie in the next few weeks for an indepentant producer.
Im looking for a Venture Capitalist for a 3 year partnership to produce 3 to 4 quality small to medium budget films and one big budget film.
I have a team of professionals who are talented and firecely motivated to make a mark by producing quality and competitive entertainment for the huge and ever increasing audience for movies in India. After the first film, the opportunities will grow manifold and we will be moving towards bigger projects and with it bigger Profits.
We have some of the most talented directors with some very good scripts ready to be begun…Just need a partner with a vision and the abitlity to invest around US$5million to start up and execute these projects.
Any VC interested please contact me email at the below mentioned address…
Cheers and wish you all the best with all your projects!!
Rajesh Kaushal
Hi,
I am a writer-director about to begin my first film for an independant producer.
Looking for a Venture Capitalist to invest in a 3 year partnership deal for 3 to 4 Hindi Feature films in the range of US$1Million.
I have a team of people who are extremely talented and motivated to produce quality cinema.
People interested can please contact at the below mentioned email address.
Cheers and wish you all the best to you!
Rajesh Kaushal
Hi all,
I’m sorry the email didn’t appear:
It is rskpictures@gmail.com
Cheers again!
Rajesh Kaushal
hi there!
xxoxo
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