DAR Capital gets Rs 2.5 bn film fund moving

MUMBAI: London-headquartered private equity firm DAR Capital has received Rs 1 billion in its first tranche for a Rs 2.5 billion film fund that it is creating to provide financing support to Bollywood and regional cinema in India.

"We have already got commitments of Rs 2.5 billion from our investors in India, Middle East and Europe. We have till date accepted approximately Rs 1 billion as the first tranche. Our strategy is to link the funding stages to deployment," says a source in DAR Motion Pictures.

Dar Motion Pictures, the movie arm, has already worked out the first stage of its investment plans and will be deploying Rs 1 billion across six films.

The roster includes a Rs 1 billion three-movie deal for 3D with BVG Films, spread over three years. Haunted 3D, India‘s first stereoscopic 3D film, will have Vikram Bhatt at the helm and is scheduled for release on 6 May.

"We have already lined up two Marathi films. The first has already been shot and is scheduled for a third-quarter release. We have also firmed up an outright Hindi family entertainer," the source added.

In its alliance with Vikram Bhatt‘s BVG Films, Dar Motion Pictures will produce, market and release the films.

The relationship extends to UFO Moviez, a satellite delivered digital cinema network.

While BVG Films and DAR Motion Pictures will be spearheading the production and marketing effort, UFO will provide technical and 3D exhibition related expertise and infrastructure.

Says Bhatt, "A new industry is emerging and this is the dawn of that industry. When all arms of movie making come together, nothing can keep that movie making industry growing from strength-to-strength. This is the big coming together of production, distribution and exhibition companies to keep the 3D space alive and kicking."

Latest Reads
Box Office: A disastrous week for film exhibitors

It has been another disastrous week at the cinema halls and the wait is now on for Diwali week releases. All the releases failed to find audiences and faced the no-audience-no-show situation. The films released a week earlier were faced with the similar fate as well.

Movies Hindi
Govt says 'no mushkil' to 'Ae Dil' even as Pak industry supports Indian content ban

NEW DELHI: Although Indian is almost completely banned in Pakistan now courtesy PEMRA, in India, it became a Catch-22: give in or give up. But, ultimately Karan Johar managed to get an assurance that ‘Ae Dil hai Mushkil’ would be released as scheduled on 28 October, after the Maharashtra chief...

Movies Hindi
Sony Pictures signs three-film deal with international producers

MUMBAI: Sony Pictures International Productions (SPIP) has inked a deal with Mexico and Los Angeles-based producers Eduardo Cisneros and Jason Shuman. With this multi-picture development, the producers will write and produce three new feature films with the studio.

Movies Hollywood
31st October: Genuine effort wasted

Rather late in the day, 31stOctober is a film about the Sikh genocide of 1984 in Delhi in the aftermath of assassination of the then prime minister of India Indira Gandhi. She was killed by her security guards, who happened to be Sikh. That assassination, again, is attributed to the anger of the...

Movies Hindi
TV premiere of Daniel Craig's 'Spectre' on 23 October

Movies Now is all geared up to air the television premiere of the Daniel Craig starrer James Bond movie Spectre. With Diwali round the corner, the movie will hit the TV screens on 23 October at 1 pm and a repeat telecast at 9 pm.

Movies Hollywood
Jio MAMI: Royal Stag Barrel joins Star to promote short films

The Jio MAMI 18th Mumbai Film Festival with Star has managed to involve Royal Stag Barrel Select Large Short Films to provide a platform within the short films category.

Movies Hindi
India against obstructing Fawad film; Maharashtra assures 'protection'

Even as PEMRA's ban on Indian content looms, the Indian Government has made it clear that it will not create any impediment for the release of producer-director Karan Johar’s 'Ae Dil Hai Mushkil’ starring popular Pakistani actor Fawad Khan, among others.

Movies Hindi
'Thithi' to open Dharmashala fest; to screen 45 features and shorts

A total of 45 features and shorts are to screened at the fifth Dharamshala International Film Festival (DIFF) to be held from 3 to 6 November.

Movies Hindi
New films: The business of a few lakhs

The dull pre-Diwali period has taken its toll. The films released recently as well as last Friday have fallen like nine pins. Some of these have been forced to commit hara-kiri as they would not be able to get playtime at the cinemas in peak period when the flow of star cast films is regular. The...

Movies Hindi

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories