Moolah to fund traditional movie fare unlikely

MUMBAI: Money and movies. That was Frame's agenda post lunch. Seminar held- Funds and Projects - had a killer combination, but the matter churned out has been a well-documented fare.

While the traditional method of funding the cinema is unable to cope up with the demands, the corporate and the financial institutes have thus far met with a little luck. Looking at its ever-growing pie the industry is now looking at the greener pastures abroad. While it isn't a taboo, but the financial sources are a little wary. Their demands: transparency and great raw material.

While the first speaker Rabo International, media and entertainment head Alexander Gelderman opined that the while the avenues abroad are opening up, it isn't so for the traditional fare. The song-dance-romance movies churned out by the industry showcase India's culture and tradition and they should be a main stay. Trying to draw out the parallel between his language Dutch and India's Hindi, he said that both the industry need to preserve the culture and therefore stick to the crossovers as strictly experimental fare and not otherwise.

While the second speaker, UK film Council International, International department director Clare Wise had quite a few wise anecdotes to share. She spoke how hard it is as a producer to make and hunt finance for films. Like Gelderman, she was also wary of the typical Hindi movie fare's performance outside India unless it is for the NRI market. But she tried to emphasize that legal constraints need to be taken into consideration and even India's market needs to look carefully at its legal procedures and the effort should be made to encourage the film industry within the country.

Last speaker for the session, Peacefulfish CEO Thierry Baujard offered that need of the time is to look at multiple co-production deals. It isn't such a bad idea to look at the markets abroad, in Europe, UK, but Indian film industry need to look at the their own product very carefully.

Despite the seminar discussing the possibilities of financing from sources abroad, what turned out to be the final word was the need to get self-reliant.

Like the host Ambit Corporate Finance Pvt Ltd, managing director Ashok Wadhwa put it the need of the hour is that the producers and the artiste take responsibility of their product. Looking at the dismal performance of the industry, what the corporate and the financial institutes need to have is passion for films apart from the business sense.

Latest Reads
TV is story-teller's new novel; audience is Bharat, not India: Star's Banerjee

MUMBAI: Since five to six years, television has become the talking point. Th series such as 'Breaking Bad' to Transparent to Narcos to 'Game of Thrones' to 24, and now POW (Prisoners of Wars) has changed the experience of television viewing.

Television TV Channels GECs
Star World to air 1-5 of 'Homeland'

Star World and Star World HD is all geared up to air the pulse-pounding action series 'Homeland.' The show tackles geopolitical moral conundrums of our current world. It has recently unveiled the teaser for the upcoming season 6 shows how Carrie Mathison will circumvent around another international...

Television TV Channels English Entertainment
Share all World Cup, T-20 feeds with Prasar Bharati, rights holder told

The telecast of all official one-day and Twenty-20 matches played by the Indian Men’s Cricket Team will henceforth have to be shared by the rights holder with the public broadcaster Prasar Bharati under the Sports Broadcasting Signals (Mandatory Sharing with Prasar Bharati) Act 2007.

Television TV Channels Terrestrial
Saregama returns to film music acquisition with Pen pact

Saregama India has inked a two-movie deal with Pen Movies. With this agreement, Saregama has acquired the music rights of upcoming Bollywood releases of Pen which includes Kahaani 2 -- Durga Rani Singh, featuring Vidya Balan and Arjun Rampal.Kahaani 2 is slated for a release on 2 December.

Television TV Channels Music and Youth
Q2-17: Zeel numbers, PAT up on higher Ad and Subscription revenue

The Subhash Chandra led content and broadcast player Zee Entertainment Enterprises Limited (Zeel) reported a 23 per cent hike in consolidated revenue for the quarter ended 30 September 2016 (Q2-17, current quarter) as compared to the corresponding quarter of the previous year.

Television TV Channels GECs
Best Deal TV appoints Hari Trivedi as COO

MUMBAI: Best Deal TV has appointed Hari Trivedi as the chief operating officer with immediate effect. Based in Mumbai, Trivedi will be responsible for overall sales and marketing. He would also be initializing lowest price offers and deals on Best Deal TV.

Television TV Channels People
Disney announces successor of MD Siddharth Roy-Kapur

MUMBAI: Walt Disney International has announced the successor to its former managing director Siddharth Roy-Kapur. As a second stint with the organization, Mahesh Samat has made a comeback and will lead The Walt Disney Company India as the managing director. He will pursue his new responsibility...

Television TV Channels People
Life is more imaginative than fiction in a story like POW, says writer-director Gideon Raff

MUMBAI: Sometimes, coming back home after 17 years is not always a happy ending. "Prisoners of War" is the story of three Israeli soldiers, who were held captive for that many years following their kidnapping while on a secret mission with their unit.

Television TV Shows Thriller
IPL media rights bidding postponed sine die

MUMBAI: The BCCI has made it clear that the media rights auction cannot take place till the time it gets a concrete go-ahead and a formal approval from the Justice RM Lodha committee. Till the evening of 24 October (Monday), BCCI did not receive the okay from the committee which said, "it is in...

Television TV Channels Sports

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories