Category: Movies

  • Eros lines up anchor investors

    MUMBAI: Eros International, the India unit of Eros International Plc, has firmed up nine anchor investors including Reliance Mutual Fund, IDFC and Blackstone, a source familiar with the development said.


    The anchor investors would take up Rs 690 million as Eros proposes to raise Rs 3.5 billion through a public float in India.


    The initial public offering (IPO) issue starts on 17 September and closes on 21 September.


    India Capital Fund is the other name floating around, the source added.


    Eros is expected to post a net profit of Rs 1.1 billion in FY‘11, up from Rs 827.95 million a year ago, making it the most profitable Indian movie company. Analysts project the net profit to touch Rs 1.5 billion in FY‘12 if things go down well with the company.


    The pure play movie company reported a revenue of Rs 6.55 billion in FY‘10 compared to UTV Motion Pictures‘ topline of Rs 3.15 billion. “It is easily the largest film company in terms of revenue. It has a proven track record but in the movie world nothing can be predictable,” a market analyst said.


    Eros has fixed the price band of its IPO between Rs 158-Rs 175 a share.


    The Aim-listed Eros International Plc has a market cap of Rs 21.94 billion (304.33 million GBP). It plans to shift to London‘s main bourse after completing its India listing.

  • PVR Pictures to release The American on 1 October

    MUMBAI: PVR Pictures, the film production and distribution arm of the PVR Group, will release the highly-anticipated suspense thriller, The American, starring George Clooney in the title role and directed by Anton Corbijn.


    The film also stars Violante Placido, Thekla Reuten and Paolo Bonacelli.


    Says PVR Pictures Head-Worldwide Distribution Deepak Sharma, “We are very excited to bring The American to Indian audiences. It is a fast-paced action thriller with a huge star cast. We are glad to have been recognized for our strong distribution network and will ensure maximum distribution spread for this movie”.


    As an assassin, Jack (Clooney) is constantly on the move and always alone. After a job in Sweden ends more harshly than expected, Jack retreats to the Italian countryside. He relishes being away from death for a spell as he holes up in a small medieval town.


    Jack takes an assignment to construct a weapon for a mysterious contact, Mathilde (Thekla Reuten). Savouring the peaceful quietude he finds in the mountains of Abruzzo, Jack accepts the friendship of local priest Father Benedetto (Paolo Bonacelli) and pursues a torrid liaison with a beautiful woman, Clara (Violante Placido). Jack and Clara‘s time together evolves into a romance, one seemingly free of danger. But by stepping out of the shadows, Jack may be tempting fate.

  • SRS plans to pump in Rs 500 mn into plex biz

    MUMBAI: SRS Group plans to invest Rs 500 million in its multiplex business by adding 23 screens, taking the total number to 50 by the end of this year.


    As part of this expansion plan, the company , which has diverse interests ranging from real estate to multiplex cinemas, retail and food and beverages, has opened its first multiplex in Patiala and 10th in the state of Punjab.


    Says SRS Group president Tinku Singh, “As per our expansion plan, we will come up with more new offerings in Punjab and other parts of the country by the end of this financial year.”


    The new SRS multiplex has four auditoriums with a total seating capacity of 1,117 people. The first film to be screened at the multiplex is the Salman Khan starrer Dabangg.


    Says SRS Group chairman and managing director Dr. Anil Jindal, “We are very happy to inaugurate our 10th multiplex in Punjab and are working towards expanding our network on a pan India basis. SRS Cinemas is one of the fastest growing vertical within the SRS portfolio. “


    With the opening up of this multiplex, SRS now has 27 screens with a capacity of 6919 seats in six locations across three states spread over an area of 43,805.95 sq feet.

  • Another extension comes MGM way

    MUMBAI: MGM has been given another postponement of its more than $450 million in debt payments.


    More than 100 MGM holders of almost $4 billion have agreed to a seventh debt forbearance agreement with the studio. Now the studio has time until 20 October to pay lenders $250 million in principal and more than $450 million in owed interest.


    But it‘s likely that MGM will tap the bankruptcy court before with a plan for turning debt into lender equity. Spyglass Entertainment would come in as an almost 5 per cent stakeholder in MGM as part of the plan with Spyglass co-toppers Gary Barber and Roger Birnbaum installed as co-chairmen and co-CEOs.


    The duo recently signed a letter of intent to that effect and now are continuing due diligence on MGM financials in an effect to flesh out the studio‘s new business plan. Lenders eventually must vote to approve the bankruptcy reorganization plan.


    Current MGM owners including Providence Equity, TPG Capital, Sony, Comcast, DLJ Merchant and Quadrangle likely would see their equity positions in the studio wiped out in a restructuring.


    The previous forbearance agreement expired on Wednesday.
     

  • Temecula Fest gets underway

    MUMBAI: The 16th annual Temecula Valley International Film and Music Festival opened on 15 September when independent filmmakers walked the red carpet to the applause of movie buffs.


    The festival will showcase more than 100 documentary, feature, animated and short films along with a performances of variety of musical groups.


    The festival began with the screening of Canadian film St. Roz. That drawing Bob and Diane Franco to opening night festivities. The Francos moved to Temecula three years ago and this is the first time they have been to the festival.


    The evening‘s events got under way as several dozen spectators and festival staffers lined the red carpet, and filmmakers stepped from vintage cars and spoke briefly about their films.


    The festival will end on Sunday when actors Raquel Welch and Eric Roberts and singer Kenny Loggins will receive career achievement awards at the closing gala at the Pechanga Resort and Casino.
     

  • Big B is best actor for ‘Paa’, Malayalam film Kutty Srank’ best feature of 2009

    NEW DELHI/MUMBAI: Megastar Amitabh Bachchan has been selected to receive the best actor award for his role in the film Paa while Ananya Chatterjee is to get the best actress award for her role in the film Bengali film Abohoman by Rituparno Ghosh who has been chosen for the best director award in the 57th National Film Awards for 2009.


    The Malayalam film Kutty Srank, directed by the wellknown Shaji N Karun, has been chosen as the best feature film of the year and has also won four other awards in different categories: cinematography by Anjali Shukla, original screenplay by PF Mathews and Harikrishna and costume design by Jayakumar. Its editor Sreekar Prasad won a Special Jury award for this and two other films: the Hindi film Kaminey and Kerala Varma Pazhazzi Raja in Malayalam. This is the first time that a woman cinematographer has won the national award in the category.


    The Aamir Khan-starrer 3 Idiots by Raj Kumar Hirani won the award for best popular film providing wholesome entertainment, apart from getting two other awards: best re-recording of the final mixed track for Anup Dev and best lyric Behti Hawaa Ka Thha Woh by Swanand Kirkire.


    Lahore in Hindi by Sanjay Puran Singh Chauhan has won the Indira Gandhi award for best debut film of a director, with actor Farouque Shaikh getting the best supporting actor award.


    The best supporting actress award went to Arundhati Naag for her role in Paa, which also received the award for best Hindi film of the year and best make-up for Christein Tinkey and Dominie Till. The film was produced by Amitabh Bachchan’s AB Corp.


    The Nargis Dutt award for the best film on national integration went to Delhi 6 by Rakeysh Omprakash Mehra. The film also received an award for best production design for Samir Chanda.


    Shyam Benegal’s film Well Done Abba got the award for best film on social issues while the best children’s film award was shared by Putaani Party in Kannada by Ramachandra PN and Keshu by Sivan. Both these films were produced by the Children’s Film Society, India.


    The awards were announced by the feature film jury chairman Ramesh Sippy, non-feature jury headed by Mike Pandey and book jury member Sharad Dutt (in the absence of Chairman Samik Bandopadhyay), in the presence of additional director general in charge of the Directorate of Film Festivals SM Khan and several jury members.


    The awards this year had been selected in a two-tier process: first by five regional juries and then by the central jury.
     
    The award money ranges between Rs 50,000 for Rajat Kamal to Rs 2,50,000 for Swarna Kamal. The awards are expected to be presented in mid-October.


    Khan said that with this announcement, the backlog of the national film awards created by a legal case in Delhi High Court had been cleared.


    Best child actor award went to Jeeva and Anba Karasu for their role in the film Pasanga (Tamil) by Pandiraj which also won the best Tamil Film award and best dialogues, also written by Pandiraj.


    The best non-feature film award was shared by The Postman by B Manohar and Bilal by Saurav Sarangi. Cinema Yaana in Kannada by K Puttaswamy received the best Book on film award while CS venkateswaran who writes in Malayalam won the best critic award. The Marathi book Eka Studioche Atmavrutta by Prabhakar Pendharkar got a special mention.


    Rupam Islam won the best male playback singer award for Mahanagar@Kolkata in Bengali while Neelanjana Sarkar got the female singer award for the Bengali film Houseful.


    The award for best adapted screenplay went to the Kannada film Kanasemba Kudureyaneri.


    The Hindi film Kaminey received the best location sound award for Subash Sahoo while Kerala Varma Pazhassi Raja received the sound designer award for Resool Pookutty, who was winner of the Oscar for Slumdog Millionnaire.


    Abohoman has also won awards for best Bengali language film and best editing for Arghyakamal Mitra.


    The best music direction award went to Anuraj Kashyap’s Hindi film Dev D with music by Amrit Trivedi while Ilayaraja got the best playback music award for Kerala Varma Pazhassi Raja, which has also got the best Malayalam film award for T Hariharan.


    The Telugu film Magadheera received awards for special effects for R Kamal Kannan and choreography for K Siva Sankar.


    The other awards for the regional languages went to: Assamese – Basundhara by Hiren Bara; Kannada – Kanasemba Kudureyaneri by Girish Kasarvalli; Konkani – Palatadcho Munis by Laxmikant Shetgaonkar produced by the National Film Development Corporation; and Marathi – Natarang by Ravindra Harichandra Jadhav.


    In the non-feature awards, some of the main awards were: best debut shared by Kaushal Oza for Vaishnav Jan Toh and FTII’s Tathagata Singha for Ekti Kaktaliyo Golpo; compilation film Pandham Unmixed by Brahmanand S Singh on RD Burman; environment – In For Motion by Anirban Dutta; social issues – Mr India by Haobam Paban Kumar; Special award for child artiste Aasna Aslam in Kelkkunnundo; short fiction Boond by Abhishek Pathak; cinematography for Deepu S Unni for Gaarud which got the re-recordisng award for Lipika Singh Daral; editor Tarun Bhartiya and narrator Ranjan Palit for In Camera; and special mention to Nitika Bhagat for Vijay.

  • 3D film on goddess Kali in offing

    MUMBAI: Producer Karan Arora is making a Bollywood 3D film Kaali -The Goddess in which pop star Shakira will play Goddess Kali.


    The two-hour film, being made under the banner of High Ground Entertainment Ltd. will be shot in London, failing which it will be shot in a city in Eastern Europe.


    Confirming the news Arora said, “Shakira has agreed in principle to do the film. But she is yet to sign on the dotted line as the money part is being worked out.”


    Adds Arora, “We wanted someone dusky and Shakira is dusky. Besides, we wanted an international star.”
     

  • Ram Gopal Varma lines up cop film

    MUMBAI: Ram Gopal Varma is making a sequel to his 2002 film Department that was itself a prequel to the Nana Patekar-starrer Ab Tak Chhapan.


    The film revolves around encounter specialists who fall apart following a war between dons who they owe their allegiance to.


    Wanting to take the characters of Pradeep Sharma, Vijay Salaskar, Daya Nayak and Sachin Vaze, Varma has Sanjay Dutt, Ajay Devgn and Abhishek Bachchan playing the cops while Amitabh Bachchan will play a senior cop.


    The turning point of the film comes when Dutt, who plays the role of Pradeep Sharma and Ajay Devgn who plays Daya Nayak, forces others in the department including Abhishek Bachchan (who plays Sachin Vaze) to take sides. What follows remains the crux of the film.
     

  • Enthiran release delayed to 1 October

    MUMBAI: The release of Sun Pictures‘ Enthiran has been postponed from 24 September to 1 October.


    After a very successful trailer launch last Saturday, the buzz was that the film will take a gargantuan opening worldwide. Perfection is the key word. One more week delay does not matter at all for a film which has been in the making for two years and is reportedly made on a budget of Rs 1.75 billion.


    Sun Pictures is making all efforts to showcase the film on the international scene on a bigger platform. It has to get the best of the screens and poised for a wide release. The film‘s Hindi version Robot is also being released like a Bollywood biggie.


    Robot was earlier to release on 3 September before being pushed to 17 September due to post-production work.
     

  • Jessica Schnell is exec vice-president of Universal

    MUMBAI: Universal Pictures has appointed NBC Universal veteran Jessica Schell as executive vice president (business development and strategic planning).


    Schell will work on projects across all business units of NBC Universal. Shewill report to Universal vice-chairman and COO Rick Finkelstein.


    “With so many exciting changes in our business, we need the kind of expertise that Jessica has to offer,” Finkelstein said.


    “She‘s an accomplished executive with a keen understanding of our business challenges and opportunities, and we‘re thrilled to have her,” he added.


    Schell previously served as NBC Uni‘s senior vice-president digital media strategy and business development.