The film industry is growing and undoubtedly is the sunrise industry of India. The corporates are venturing into the film industry in various verticals viz. multiplex, film production, film distributions and those who already have presence is expanding their horizon like PVR are venturing into film production, film distribution a migration from film exhibition Reliance Big Entertainment is consolidating its position not only in Bollywood but also in Hollywood.
Latest in the offering is the music distribution company Saregama venturing again into film production. Saregama India Ltd, the entertainment arm of the Rs 13500 crore RPG Group, would invest up to Rs.150 crore in film production and other businesses over the next two years in producing seven movies. RPG has plans to pick up a minority stake in one of the event management companies in India. The event management vertical will help Saregama popularize its movies and the characters in the movies post release.
Saregama India for its film production venture has tied up with Rituparno Ghosh to direct Bengali movies. Apart from theatrical releases the company will also bring out CDs and DVDs of the movies.
Hoping that this is yet another new beginning of the Indian corporates venturing into film industry. The other corporate houses evaluating the option of either venturing or expanding the horizon in industry are Reliance Industries, A V Birla Group, and Tata’s.
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