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Tag: Subhash Ghai

  • Software and Equipment segments pull down Mukta Arts Q3-2014 profit

    Software and Equipment segments pull down Mukta Arts Q3-2014 profit

    BENGALURU:  Mukta Arts Limited (Mukta Arts) Software division reported a loss of Rs (0.73) crore on operating revenue of Rs 62.49 crore for the quarter ended 31 December, 2013 (Q3-2014) which eroded the operating profits of Rs 0.37 crore and Rs 1.70 crore reported by the company’s Theatrical division and ‘Others’ division respectively. The fourth segment that contributes to Mukta Ars numbers – Equipment division also ate into the Q3-2014 operating profit to the extent of Rs (0.15) crore. Mukta Arts reported an operating profit of Rs 0.92 crore for the current quarter. 

     

    Let us look at the Q3-2014 numbers reported by Mukta Arts 

     

    The company reported Total Operating revenue of Rs 76.67 crore in Q3-2014, which was 6.27 per cent more than the Rs 72.14 crore in Q3-2013 and (9.97) per cent lower than the Rs 85.16 crore in Q2-2014. During the nine month period ended 31 December 2013, Mukta Arts Total Operating revenue at Rs 223.27 crore was 17.28 per cent more than the Rs 198.90 crore in the corresponding period of last fiscal. For FY-2013, the company reported Total Operating revenue of Rs 257.82 crore.

     

    Mukta Arts Total expense for Q3-2014 at Rs 76.61 crore was 15.41 per cent more than the Rs 66.38 crore in Q3-2013 and (9.45) per cent lower than the Rs 84.61 crore in Q2-2014. Total expense YTD at Rs 231.55 crore was 20.78 per cent more than the Rs 191.71 crore reported during the corresponding nine month period of last year. For FY 2013, the company reported Total expense of Rs 253.61 crore. 

     

    More than 90 per cent of Mukta Arts expense and more than 85 per cent of Total Operating revenue is the Distributors and Producers share. In Q4-2014, the company paid Rs 68.98 crore (90.04 per cent of Total expense, and 89.97 per cent of operating revenue for the quarter) towards this head, which was 11.85 per cent higher than the Rs 61.67 crore (92.91 per cent of Total expense and 85.48 per cent of Total operating revenue for the quarter) in Q3-2013 and (11.81) per cent lower than the Rs 78.21 crore (92.44 per cent of total expense and 91.85 per cent of Total operating revenue for the quarter) in Q2-2014. 

     

    Distributors and Producers share for the nine month period ended 31 December 2013 at Rs 212.13 crore (91.61 per cent of Total expense and 90.94 per cent of Total operating revenue for the period) was 17.85 per cent more than the Rs 180.01 cores (93.90 per cent of Total expense and 90.50 per cent of Total operating revenue for the period) of the corresponding nine month period of last year.

     

    For FY 2013, Mukta Arts paid Rs 233.74 crore towards Distributors and Producers share, which was 92.16 per cent of Total expense and 90.66 per cent of Total Operating revenue.

     

     Segment Revenue

     

    The lion’s share of Mukta Arts revenue – more than 90 per cent comes from its Software segment. This segment reported revenue of Rs 69.24 crore (90.31 per cent of Total operating revenue) for Q3-2014 which was 1.21 per cent more than the Rs 68.41 crore (94.83 per cent of Total Operating revenue) for Q3-2013, but (13.09) per cent lower than the Rs 79.67 crore (93.55 per cent of Total operating revenue) during Q2-2014. 

     

    For the nine month period ended 31 December 2013, the Software division’s revenue at Rs 214.83 crore (92.1 per cent of Total operating revenue) was 11.93 per cent more than the Rs 191.93 crore in the corresponding period of last year. For FY 2013, Mukta Arts Software division’s revenue was Rs 246.47 crore or 95.6 per cent of total revenue. 

     

    As mentioned above, this segment reported an operating loss of Rs 0.73 crore for Q3-2014 as compared to an operating profit of Rs 6.74 crore in Q3-2013 and an operating profit of Rs 0.35 crore in Q2-2014. For the nine month period ended 31 December 2013, the Software segment reported an operating profit of Rs 0.31 crore which was more than 31 times (31.51 times) lower than the Rs 9.86 crore operating profit reported during the corresponding period of last year. For FY 2013, Mukta Arts Software Division reported an operating profit of Rs 8.10 crore.

     

     Mukta Arts Theatrical Exhibition segment reported operating revenue of Rs 5.16 crore and an operating profit of Rs 0.37 crore for Q3-2014 as compared to the revenue of Rs 2.46 crore and an operating profit of Rs 0.14 crore for Q3-2013 and an operating revenue of Rs 3.52 crore and an operating loss of Rs (0.14) crore in Q2-2014. YTD, its operating revenue was Rs 12.3 crore and an operating profit of Rs 0.21 crore as compared to the revenue of Rs 2.62 crore and operating profit of Rs 0.66 lakh (Rs 100 lakh = Rs 1 crore: Rs 100,000 = Rs 1 Lakh) for the corresponding period of last year. For FY 2013, the Theatrical exhibition segment reported revenue of Rs 5.24 crore and a small operating loss of Rs (-6.61) lakh 

     

    The contribution by Mukta Arts Equipment division was a very small fragment of per cent to total revenue. As reported above, this segment reported a loss of Rs (0.15) crore for Q3-2014, loss of Rs (0.16) crore in Q3-2013 and equally small fractions for the other periods. 

     

    Mukta Arts ‘Others’ segment reported operating revenue of Rs 2.17 crore and an operating profit of Rs 1.70 crore for Q3-2014. y-o-y, this segment reported revenue of Rs 1.20 crore and an operating profit of Rs 0.99 crore, and q-o-q the revenue was Rs 1.79 crore and an operating profit of Rs 1.54 crore. YTD, revenue from this segment was Rs 5.67 crore and an operating profit of Rs 4.64 crore as compared to the operating revenue of Rs 4.04 crore and an operating profit of Rs 3.42 crore during the corresponding nine month period month of last year. For FY-2013, ‘Others’ segment reported revenue of Rs 5.74 crore and an operating profit of Rs 4.94 crore. 

     

    During the quarter the Company has commenced its cinemas at Mumbai, Selu, Junnar and Banswara.

     

    Click here for the financials

  • Bollywood stars embrace Shiamak’s dance show!

    Bollywood stars embrace Shiamak’s dance show!

    MUMBAI: Dance master Shiamak Davar again recreated the magic with his new production, Selcouth. Almost everyone who matters has been talking about Shiamak’s show that has received a great applause from the viewers and the Bollywood fraternity alike.

    Present at the recent show were Bollywood actresses known for their dance-ability, Helen and Hema Malini. Both the actors went back stage post the show to congratulate Shiamak. Filmmaker Subhash Ghai, who has worked with Shiamak on hits like Taal, was completely amazed by the new body of work that Shiamak has introduced with this show.

    Sushant singh Rajput, the latest heartthrob of Bollywood and a Shiamak’s former student, too gave a standing ovation along with the rest of the audience as a mark of respect for his guru.

    Shiamak who has been doing these shows for his students and parents was overwhelmed and humbled by the response of the public. “After I opened the show to public in Octber, the word spread and people said I had to do another show! Unbelievable response, just too humbled by everyone’s support,” he said. “The show had only three to four professional dancers from my dance company, the rest of them were graduates from my one year dance certification program. With the right training and guidance, this is the magic that can be created. There are still a lot of people who want to watch the show, so will do many more Selcouth shows,” added Shiamak.

    Others who were present for the show included Prateik Babbar, Hussain Kuwajerwala and wife Tina, Rajneesh Duggal, Kim Sharma, Preeti Jangiani, Parizad Zorabian, Pallavi Joshi, Rashmi Uday Singh, Hasina Jethmalani,  television actors, Gautam and Anas and Marzi Pestonji.

  • Bollywood stars embrace Shiamaks dance show!

    Bollywood stars embrace Shiamaks dance show!

    MUMBAI: Dance master Shiamak Davar again recreated the magic with his new production, Selcouth. Almost everyone who matters has been talking about Shiamak’s show that has received a great applause from the viewers and the Bollywood fraternity alike.

     

    Present at the recent show were Bollywood actresses known for their dance-ability, Helen and Hema Malini. Both the actors went back stage post the show to congratulate Shiamak. Filmmaker Subhash Ghai, who has worked with Shiamak on hits like Taal, was completely amazed by the new body of work that Shiamak has introduced with this show.

     

    Sushant singh Rajput, the latest heartthrob of Bollywood and a Shiamak’s former student, too gave a standing ovation along with the rest of the audience as a mark of respect for his guru.

     

    Shiamak who has been doing these shows for his students and parents was overwhelmed and humbled by the response of the public. “After I opened the show to public in Octber, the word spread and people said I had to do another show! Unbelievable response, just too humbled by everyone’s support,” he said. “The show had only three to four professional dancers from my dance company, the rest of them were graduates from my one year dance certification program. With the right training and guidance, this is the magic that can be created. There are still a lot of people who want to watch the show, so will do many more Selcouth shows,” added Shiamak.

     

    Others who were present for the show included Prateik Babbar, Hussain Kuwajerwala and wife Tina, Rajneesh Duggal, Kim Sharma, Preeti Jangiani, Parizad Zorabian, Pallavi Joshi, Rashmi Uday Singh, Hasina Jethmalani,  television actors, Gautam and Anas and Marzi Pestonji.

  • National award winning film ‘Samhita-The Script to release on 11 Oct

    National award winning film ‘Samhita-The Script to release on 11 Oct

    Marathi film ‘Samhita- The Script’ which is directed by noted director duo Sumitra Bhave and Sunil Sukthankar has created a record of sorts by winning two national awards and 20 other awards .

     

    The national award winning film is slated to release in all over Maharashtra on 11 October.  Samhita is produced by Subhash Ghai’s Mukta Artsin collaboration with Ashok Movies and Sumitra Bhave and Sunil Sukthankar’s film production company Vichitra Nirmiti and is presented by Subhash Ghai.

    The Cast of Samhita-The Script

     

    The film is about Revati, a national award winning filmmaker, played by Devika Dafatardar who has visualised a screenplay set in the era of British Raj. The story of the film revolves around a king, a queen and a court singer. It is the story of love, detachment, surrender and passion.  

     

    Music composer Shailendra Barve won the national award for best music direction and the award for best playback singing was bagged by song Palke Na Modo rendered by Aarti Ankalikar- Tikekar at the 60th national awards.

    The director duo of the ‘Samhita-The Script’, Sumitra Bhave and Sunil Sukthankar have twelve films, more than forty short films, five telefilms and a television soap to their credit. They have won many international as well national awards.

  • Salman to launch Salman Khan Productions

    Salman to launch Salman Khan Productions

    Salman Khan is all set to take his stardom to another level. Word has it that he will soon launch his own production house Salman Khan Productions with a remake of Subhash Ghai’s Hero, which had launched Jackie Shroff’s career as a leading man.

     

    With this project, Salmaan would finally stem into independent production house separate from the film produced by his two brothers.

     

    We all are aware that Sohail and Arbaaz have their own production houses. While Salman would remain closely associated with his brother’s production, he would now launch his own production house Salman Khan Productions with a remake of Hero. Salman secured the remake rights from his friend Subhash Ghai almost a year back and confided in him that he would start this venture with Hero.

    Salman has also asked Subhash Ghai to compose the music of the new-millennium Hero. Ghai has agreed to officially turn composer. (A lot of Ghai’s music in the past was ghost-composed by him).

  • Ghai to inaugurate multiplex in Kolkata in six months

    Ghai to inaugurate multiplex in Kolkata in six months

    In between helming his film institute Whistling Woods International and wielding the megaphone for his directorial comeback Kaanchi, Subhash Ghai will soon inaugurate a three-screen multiplex spread over 35,000 square feet under his brand Mukta A2 Cinemas in the City of Joy.

    Coming up in the next six months at Junction Mall, Barasat, in Kolkata, this will be Mukta A2 Cinemas’ debut in West Bengal after having similar such multiplexes in Vadodara, Ahmedabad and Gulbarga. The first plex was opened in Gujarat back in July 2011.

    When contacted, Nice Property director Prabhakar Kumar confirmed the news and said: “Mukta Arts has been in the distribution and exhibition business for a while now and with this chain of multiplexes, they only plan to strengthen their foothold in the industry.”

    Junction Mall, Barasat, in a total mall area of 150,000 square feet, is marketed by Nice Property and is a joint venture project with North 24Parganas Zilla Parishad.

    Sources said plans are afoot to invite actors the likes of Abishek Bachchan, Aishwarya Rai Bachchan and Sonali Bendre to Kolkata for the first fifteen days to promote the plex.

    Also, tickets will be economically priced, keeping in mind consumer spending behaviour in Kolkata, sources informed. “Mukta Cinemas is looking at 1,200 seats. The pricing is slightly lower than other multiplexes,” a source revealed.

    It is further learnt that the company has signed an 18 year lease contract and as per the agreement, the rent will be Rs 60 per sqft.

    “Even if Mukta Arts achieves 50 per cent occupancy rate, this venture would give good returns to the company,” observed a media analyst, adding that there are not many high-quality plexes in the vicinity, upping the possibility of the plex doing well in future.

    Ghai’s Mukta Arts is primarily engaged in motion picture production apart from production, distribution, and exhibition of television serials and entertainment software, equipment hiring, and generation and distribution of content for the entertainment industry.

  • Whistling Woods & Neeta Lulla to set up a School of Fashion

    Whistling Woods & Neeta Lulla to set up a School of Fashion

    MUMBAI: Producer – director Subhash Ghai and fashion designer Neeta Lulla have joined hands to launch a fashion school, which will be called Whistling Woods – Neeta Lulla School of Fashion (WWNL).

    Spearheaded academically by Lulla and featuring a guest faculty of fashion industry greats, WWNL aims to create the next generation of fashion designers and fashion industry professionals. WWNL will commence classes in August with admissions opening in the second week of May.

    Ghai said, "Fashion has always played an integral role in films. Through fashion, characters come alive before the camera. Neeta Lulla who has spent so many years with the industry has continually strived to grow the field of fashion, both within the film industry and outside of it. I‘m delighted that Whistling Woods is partnering with her to create the Whistling Woods – Neeta Lulla School of Fashion."

    Courses run will be a Diploma in Fashion Design (one year) and an Advanced Diploma in Fashion Design (two years). The WWNL School of Fashion will also be bridging the gap between industry and academia by bringing on board an advisory board consisting of industry specialists, guest and visiting faculty from the industry. The institute also plans to invite globally renowned teachers from Europe‘s finest fashion schools and the global fashion industry to deliver guest lectures.

    Lulla added, "When I started out in the fashion industry, there were limited options available within fashion education in India but today, it gives me great pride to announce our school of fashion that will train fashion aspirants to excel at the highest levels. I could not see a better fit than Whistling Woods to partner with and to launch a structured comprehensive School of Fashion and I‘m thrilled to be working with Subhashji and his institute for the same."

    Whistling Woods International president Meghna Ghai-Puri said, "We‘re very excited to be launching the fashion space. This is something we‘ve wanted to do for a long time and we couldn‘t have found a better partner. Whistling Woods has always been the best platform for industry aspirants. With the launch of the Whistling Woods – Neeta Lulla School of Fashion, we are reinforcing our commitment to developing local talent in all spheres of the thriving Indian film industry."

  • Subhash Ghai goes on floors with Kaanchi

    Subhash Ghai goes on floors with Kaanchi

    MUMBAI: Ace director Subhash Ghai will start the shoot for his next venture Kaanchi on 24th February 2013 at Film City, Mumbai. Kaanchi is a musical thriller and five songs have already been recorded for the film.

    Commenting on directing after four years, Subhash Ghai said, “I am too excited to make this film since this is a contemporary new age story with a lot of energy and music … and actually today I feel the same way that I felt when I started by first film Kalicharan. This script of mine has my lead actress do stunts which is a first in any one of my films, so you can imagine the drama and entertainment in it.”

    He further added, “I feel I am always best in a crisis situation. I still remember how much pressure I was under after my film Trimurti flopped and still I went ahead and made Pardes. One thing I can never compromise is the quality of my film making whatever the budget may be. I am glad that I am making a film I want to make it with a stellar cast including Rishi Kapoor and Mithun Chakrovarthy, Kartik Tiwari as a hero and Mishti as my new heroine in Bollywood. Kartik and Mishti both are extremely talented which I have seen them during my workshops with them.”

    The movie is set to release on 15 August 2013 after which, Ghai plans to work on a big star cast movie in 2014.

  • Subhash Ghai’s next- a musical thriller titled Kaanchi

    Subhash Ghai’s next- a musical thriller titled Kaanchi

    Mumbai: Subhash Ghai has set the title of his next directorial film, a love story cum musical thriller. The film titled Kaanchi will comprise a new star cast.

    Veteran actor Rishi Kapoor will essay the role of a villain, according to a statement issued by Ghai‘s production house Mukta Arts.

    The 67-year-old last directed the Salman Khan and Katrina Kaif-starrer Yuvvraaj.

    Karma, Ram Lakhan, Saudagar, Khal Nayak and Taal are some of the memorable films made under Mukta Arts. The banner is set to celebrate its 34th anniversary on 24 October.

    The film, which is set to go on the floors soon, is expected to release on 15 August, 2013.

  • Subhash Ghai plans day-long tribute to Ashok Mehta

    Subhash Ghai plans day-long tribute to Ashok Mehta

    MUMBAI: Filmmaker Subhash Ghai has planned to organise a day-long tribute in honour of late cinematographer Ashok Mehta at his media and film institute Whistling Woods on 27 August.

    On the occasion, exhibitions and seminars on Mehta‘s works have been planned. His directorial debut Moksh will also be screened in the presence of its lead actors Arjun Rampal and Manisha Koirala.

    Mehta, who breathed his last on 15 August at the age of 65 following advanced lung cancer, was among one of India‘s best known cinematographers. Films that he was associated with were Shekhar Kapur‘s Bandit Queen, Shyam Benegal‘s Mandi and Trikaal, Aparna Sen‘s 36 Chowringhee Lane and Paroma, Shashi Kapoor‘s Utsav and MF Hussain‘s Gaja Gamini.

    Incidentally, Ghai and Mehta worked together in films like Ram Lakhan (1989), Khal Nayak (1993) and Kisna (2005).