Movies

Shree Ashtavinayak to invest Rs 800 mn, release 4 films in fiscal

MUMBAI: Film production and distribution company Shree Ashtavinayak Cine Vision (SACV) is investing Rs 800 million and will be releasing four films this fiscal.

The films include Shivam Nair’s suspense thriller Maharathi, Sanjay Gadhvi’s Kidnap, Rohit Shetty’s Golmaal Returns and an untitled film.


“We will pump in Rs 800 million this fiscal. Our target is to produce 4-5 films in the year," says SACV chairman and director Dhilin Mehta.


Meanwhile, the company has got an enabling resolution to raise up to $100 million. The proposed utilisation of the proceeds is for expansion of existing activities of films production, distribution and investment in the wholly owned subsidiary company in Dubai.


“We are weighing options for raising the proposed amount and have obtained the shareholders’ nod,” says Mehta.


SACV had raised $33 million via FCCBs (foreign currency convertible bonds) last year.


The company has lined up 13 films which would release over the next two years. The ongoing projects are Blue, Luck, Run Bhola Run, One Way Ticket, Mudh Mudh Ke Na Dekh and Bond.


SACV plans to foray into the regional film market with Tamil and Telugu films.


Directed by Anthony D’Souza, Blue stars Sanjay Dutt, Akshaye Kumar, Lara Dutta, Katrina Kaif and Zayed Khan. The cast of Soham Shah’s Luck, which marks the debut of Kamal Hasan’s daughter Sruti Hassan, include Sanjay Dutt, Imran Khan, Danny Denzongpa, Ravi Kissen and Mithun Chakraborty.


Neeraj Vora‘s two films are Run Bhola Run starring Govinda, Tusshar Kapoor, Tanushree Dutta and Amisha Patel and One Way Ticket starring Anil Kapoor and Akshaye Khanna.


Shree Ashtavinayak has also closed two separate co-production deals with Sri Jaganaath Entertainment and Sanjay Dutt Productions. While it will be co-producing Mudh Mudh Ke Na Dekh with the former, it will co-produce Bond with the latter.


The company has also signed up directors like Rummi Jaffery, Vivek Sharma, Rohit Shetty and Imtiaz Ali for its untitled projects.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/11/16/pvr_0.jpg?itok=UZKfyV-h
PVR acquires minority stake in US luxury theatre chain

PVR Ltd (PVR) will acquire a minority stake in US-based luxury restaurant and theatre iPic-Gold Class Entertainment (iPic).

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/11/15/sunil-lulla_1.jpg?itok=sqgylncT
Eros reports higher profit margin despite fewer releases

BENGALURU: Sunil Lulla-led Eros International Media Limited (Eros) reported 21 per cent margin (on operating income) for consolidated profit after tax (PAT) for the quarter ended 30 September 2017 (Q2 FY 2017-18) as compared with 12.8 per cent margin for the corresponding quarter a last ago. The...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/31/inox1.jpg?itok=CpHFAdho
Inox reports increase in revenue, profits for second quarter

BENGALURU: Indian cinema chain Inox Leisure Limited (Inox) has reported improved revenue and net profit after tax (PAT) for the quarter ended 30 September 2017 (Q2-18, current quarter) as compared to the corresponding quarter of the previous year (Q2-17, year ago quarter). Inox revenue from...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/31/Grand-Challenge.jpg?itok=Eg01vsKl
1700 films received on ending violence against women film contest

NEW DELHI: Around 1700 entries from over 600 colleges have come in response to a campaign launchged earlier this year for two-minute films on generating debate and promote positive change in cultural and social norms around the value of women in India. The campaign ‘#BasAbBahutHogaya – Enough is...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/28/TP_Aggarwal.jpg?itok=WSDOM3Rj
Reduce GST on film industry, IMPPA pleads to FM Jaitley

NEW DELHI: The Indian Motion Pictures Producers Association (IMPPA) has urged the government to fix 5 per cent as the maximum GST rate that should be charged on all goods and services connected with the entertainment industry including entertainment tax.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/27/pvr.jpg?itok=O3ssMyZ4
PVR reports lower numbers for second quarter

Indian entertainment and exhibition company PVR Limited (PVR) reported a slight decline in total revenue for the quarter ended 30 September 2017 (Q2-18, current quarter) as compared to the corresponding year ago quarter (y-o-y). Operating profit (EBIDTA), net profit after tax (PAT) and total...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/24/Bahubali%202_0.jpg?itok=jd72CACi
Baahubali 2 catapults Sony Max across genres and in Hindi movies genre

BENGALURU: Baahubali 2 raked in viewership for Sony Max as the channel topped Broadcast Audience Research Council’s (BARC) weekly ratings for Top 5 Hindi Movie channels - HSM (U+R) : NCCS All : 2+ Individuals for week 41 of 2017 (Saturday, 7 October 2017 to Friday, 13 October 2017). Sony Max was...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/23/Priya_Giri_Desai-David_Schwartz.jpg?itok=salialb2
Women filmmakers' northeast works to be highlighted at India fest in NY

NEW DELHI: Three films from northeast India and a special focus on films made by women filmmakers will be the highlights of the second edition of the India Kaleidoscope Film Festival (IKFF) to be held in New York next month. The festival is being presented by the Museum of the Moving Image (MOMI)...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/21/Secret%20Superstar.jpg?itok=6bQiSsgV
Secret Superstar: Patchy underdog movie riding on Aamir's fame

There have been numerous films on a protagonist going against the tide to fulfil his ambition and childhood dream. Usually, in films, such aspirants come from second rung cities, small towns or mofussil India. That adds to the sympathy or the underdog quotient as the script’s requirement.

Movies Hindi

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories