Movies

Compact Disc to raise $38.8 mn from foreign banks for 2 films

MUMBAI: Compact Disc India Ltd (CDI) will raise $38.75 million from foreign banks to fund two of its International movie projects.

The two movies are Soccer, a $20.15 million 90-minute 3D animation movie starring soccer player Ronaldo, and Eternal Love, a $15.70 million animated movie based on a love story revolving around Taj Mahal.


CDI also expects to raise another $30 million from foreign banks to fund a live action World War II based International movie Playing with the Enemy.


Compact Disc has already received ‘In Principle’ approval from the banks and funding will be released within 15-20 days time, the company said.


Funding has been sanctioned at a very competitive pricing of LIBOR plus 75 bps, the official statement added.


The funding amount will be sufficient to cover two big International animation film projects, under production by the Company’s foreign arm – Media One Ventures Ltd., UK.


“The Board has approved the terms and conditions for raising $38.75 million. The money will be released in 15-20 days. We expect $30 million funding from another bank in a week for our live action movie ‘Playing with the Enemy’,” said Compact Disc India Limited chairman Suresh Kumar.


The bank will also lend another Rs 250 million for CDI’s upcoming animation studio at Thiruvananthapuram Special Economic Zone.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/25/bhoomi2.jpg?itok=qW_Vsdvs
Indifference of movie-goers

*Bhoomi was chosen to be the re-launch vehicle of Sanjay Dutt on his return from serving a jail sentence. The subject could not have been a romance considering his age and the receding hairline. And, Munnabhai scripts are not something you picked off the shelf! Omung Kumar earned fame with his...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/23/Rahul_Jain.jpg?itok=GIGUw3GR
Sundance, World Cinema award-winning Indian docu 'Machines' to premiere at MAMI

MUMBAI: After making the World Premiere at Sundance Film Festival 2017 and bagging the World Cinema Documentary Special Jury Award for excellence in Cinematography, Rahul Jain’s internationally acclaimed directorial debut documentary feature, Machines to make its India Premiere in the competition...

Movies Documentary
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/23/PVR_watermark.jpg?itok=t7MDjOnQ
PVR watermark and trained staff help detect piracy, says Sanjeev Bijli, targets 1000 screens by '20

NEW DELHI: It had always been a favourite meeting place until it closed down over a decade ago, and it was sorely missed. The Chanakya cinema was the only theatre in Chanakyapuri -- the capital’s diplomatic enclave -- and so it exhibited either English or blockbuster films. But, an unseemly dispute...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/23/wildlife_film_1.jpg?itok=m7d0aHZ_
A chartered accountant, a wildlife film, international awards and buyers...

You may have not heard of this chartered accountant and lawyer who transformed himself into a wildlife filmmaker.

Movies Documentary
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/22/haseena-parkar.jpg?itok=CZ3QyHg9
Haseena Parkar....Who!

Director Apoorva Lakhia seems to be getting excited about all the wrong ideas. Last time, he watched the 2004 Hollywood film, Man On Fire, came back jet speed to India and launched a Hindi ‘remake’.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/22/bhoomi.jpg?itok=zMl4fjEM
Bhoomi....80s revisited

Bhoomi, directed by Omung Kumar, is a throwback to the 1980s era when the villain and his cohorts would rape a hero’s sister and he would take revenge against them.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/18/simran.jpg?itok=HFk84h3_
It's a dull period for films

No happy news for either the exhibitors or the trade in general, so far. The poor run of films continues and, releasing new films in this dull period, adds to the woes.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/16/Sushilkumar_Agrawal.jpg?itok=jNF6xKxo
TV and film exporters' council plans 'content certification', elects Ultra's Agrawal and Shemaroo's Gada

NEW DELHI: The Indian Council of IMPEX for Films and TV Programmers, at its Annual General Meeting, has elected Sushilkumar Agrawal, Ultra Media and Entertainment CEO, as the president.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/15/simran.jpg?itok=3GJ6W2kf
Simran: Ill-defined

Gujarati NRI family or a Gujarati abroad seems to be the current theme for filmmakers. We recently had Jab Harry Met Sejal and this week has seen the release of Simran.

Movies Hindi

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories