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Motion
pictures seem to be the only new Nimbus venture that has
taken off with a measure of success in the last couple of
years.
While plans to launch TV channels and portals have been
stuck for various reasons, movies may well be the next ace
up the company's sleeve as it unleashes six Hindi, regional
and international film productions in the next two years.
The
company reportedly sunk in approximately Rs 79 million in
the motion picture business as in initial investment.
The
Sanjay Dutt starrer Sarhad Paar, announced in late
1999, is finally taking shape. To be launched on 20 February,
the film is to be directed by Raman Kumar and is co-scripted
by Akash Khurana, Nimbus chief operating officer, movies
and music.
According
to Khurana, Nimbus Motion Pictures will encompass multi-genre,
multi-budget and multi-language movies. As with its television
content, which Nimbus produces in eight Indian languages,
the movie division too has adopted a portfolio approach
with films being made in six different languages.
The
company has firmed up plans for six Hindi and regional language
films to be released within two years. Also on the cards
is an international production, an English film that will
boast a foreign crew and cast. To be launched by September
2002, it will be an erotic thriller and is to be shot entirely
in Goa. Khurana says Nimbus is tying up with a major production
house in the US for this venture, which is slated as an
independent film and will not be shot in studio format.
The
motion picture division that was activated in early 2000
with the launch of a Marathi film, Ek Hoti Waadi,
is looking towards an annual turnover of Rs 200 million.
Nimbus, says Khurana, is also planning to enter the telefilm
arena, but is waiting for "the economic climate to improve,
and projects get more affordable for channels."
Even
as Sarhad Paar takes shape, a Telugu film to be directed
by Suresh Krishnan will be kicked off by July 2002. Also
in the pipeline are a Bengali and an Oriya film, which will
be launched later this year.
Ek
Hoti Waadi, the small budget Marathi film that marked
Nimbus' entry into film production, was released in Pune
on 8 February and will be released later this month in suburban
Mumbai. The film is slated for release in the state interiors
from April onwards. The film, which Khurana claims has received
a good response in Pune, bagged six awards (picture, actor,
actress, story, music and lyrics) at the recently held Alpha
Gaurav Puraskar in Mumbai.
In
late 1999 when the company declared its intention to go
public, it had issued a propectus in which Nimbus chairman
Harish Thawani said that the company had taken a policy
decision that not more than five per cent of the company's
investible funds at any time will have an exposure in the
motion picture content industry.
The
company had also planned on launching a community portal,
a movie related vortal, entering the FM radio fray and launching
two TV channels, one of them to be christened showbiz TV,
apart from starting a motion picture division. The others
are yet to take off, however.
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