Trilingual film secures funding (8583Q)
October 26 2011 - 2:00AM
UK Regulatory
TIDMPKP
RNS Number : 8583Q
Photon Kathaas Productions Ltd
26 October 2011
Photon Kathaas Productions
First trilingual film secures funding
Chennai, 26 October 2011. Photon Kathaas Productions Ltd. (AIM:
PKP, "Photon Kathaas", "the Company") the South Indian film
company, has signed a contract with a third media group to produce
the Indian film industry's first movie shot simultaneously in three
languages (Hindi, Tamil and Telugu) with three different sets of
actors. This follows the Company's previous announcement that it
had entered into two separate co-production agreements to shoot the
Tamil and Telugu version of this movie. All three versions will be
directed by Gautham Vasudev Menon, PKP's Chief Creative
Officer.
The Hindi version of the film is being fully funded by Viacom at
an approximate cost of $3 million with PKP receiving a 50% share of
the profits. The Tamil and Telugu versions will be fully funded by
the co-producers for a total production cost of approximately $5
million. PKP will have a profit share on both of these two
versions
Production commenced in September 2011 and all three films will
be released in 2012.
Venkat Somasundaram, PKP Chief Executive said:
"This is the first time in Indian film history that a movie is
being made simultaneously in three different languages. Not only is
this the industry' first trilingual film, but it will also feature
three different actors in the lead role with one actress for all
three versions.
"It is yet another great example of the benefits of our
innovative business model and the production efficiencies that can
be gained by leveraging content across multiple languages. It's
also a great endorsement from a leading international studio."
Enquiries
Photon Kathaas
Michael Rosenberg + 44 (0)20 7938 4026
Venkat Somasundaram, Chief Executive +65 6224 4991
Reshma Ghatala, Head of Marketing +91 44 2820 2988
Seymour Pierce Limited (Nomad & broker) 020 7107 8000
Nandita Sahgal/Tom Sheldon (Corporate
Finance)
Laetitia MacManus (Corporate Broking)
Rivington Street Corporate Finance
(Broker) 020 7562 3373
Jon Levinson
Dru Edmonstone
College Hill 020 7457 2020
Adrian Duffield/Jon Davies
About Photon Kathaas Productions
Photon Kathaas Productions is the first film company
specifically created to make and distribute films of different
genres to a primarily South Indian audience, speaking the languages
of Telugu, Tamil, Kannada and Malayalam.
PKP benefits from a special creative relationship with its chief
creative officer, Gautham Vasudev Menon. Gautham is one of the
leading directors and producers in South Indian cinema. He has been
involved in nine films to date, not only as a director but also as
a screenplay writer, an executive producer and a producer. His
earlier films include: Minnale (2000), Rehna He Tera Dile Mein
(2001), Kaaka Kaaka (2003), Gharshana (2004), Vettaiyadu Vellaiyadi
(2006), Pachaikili Muthucharam (2007), Vaaranam Aayiram (2008)
Vinnaithaandi Varuvaayaa (2010), Ye Maaya Chesave (2010) and
Nadunissi Naaygal (2011).
A. R. Rahman is PKP's creative adviser. He is an Indian film
composer, record producer, musician and singer and is credited for
totally overhauling the style in which music is made in India. A.
R. Rahman has won two Academy Awards (Slumdog Millionaire), 25
Filmfare Awards, four Indian National Film Awards, a Bafta Award,
two Golden Globes and two Grammy Awards.
About Viacom18 Motion Pictures
Bombay-based Viacom18 Motion Pictures, part of the Viacom18
Group, is India's premier full-service motion pictures company,
with business spanning concept (or creative) development,
production, marketing, distribution, merchandising and syndication,
worldwide.
This information is provided by RNS
The company news service from the London Stock Exchange
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