| MUMBAI:
Last year it had two big success with Taare Zameen Par and Jaane tu
Ya Jaane Na which notched up huge box office collections. Both were co prods
with Amir Khan Productions. But
PVR Pictures has been struggling to find its feet with films such as Contract
not doing well as expected and the recently released Merein Khwabon Mein
Jo Aayein getting thumbs down reviews from film critics. In
mid 2008, it received $28 million in funding from ICICI Venture Funds Management
and JP Morgan Global Special Opportunities Group in order to allow it to double
its movie output to eight to 10 pictures in 2009. Hence,
it is no surprise that the Bijli brothers have been looking for the right professional
to come and steer their fortunes in building a production slate of films which
will extend the PVR group's strength from just exhibition and distribution to
production. This time they has opted for former Sony Pictures India executive
vice-president production Uday Singh who has joined PVR as its CEO. Singh
has had almost 13 years of experience at Sony Pictures, on most occasions releasing
international titles. He steered the international studio into domestic production
with the Sanjay Leela Bhansali mega flick Saawariyan around a couple of
years ago. Confirming
the development, Singh said, "Yes, I will be joining PVR Pictures as CEO
sometime next week and I would be handling the distribution and production aspects
of the company." Singh
joined Sony Pictures India (then Columbia Tristar) in 1996 as managing director.
Later, in early 2008, as a part of a major restructuring exercise, Singh was handed
over the film production of the company. |