Bollywood Distributor Adlabs To Co-Produce Hollywood Movies
Adlabs Films Ltd, controlled by Anil Ambani, is entering into Hollywood movies through AshoK Amritraj's Hyde Park Entertainment Group. The signing of the co-production and film financing deal with Hyde Park Entertainment Group comes after Adlabs Films set up UK and US offices. Bollywood movie distribution will still be the company's primary business activity, but the overseas operations will also explore opportunities in film production and post-production.
"We will be making Hollywood movies only with Hyde Park Entertainment. The first co-financed movie will start production in the next 2-3 months. We are finalising the investment details. We are also working out other movie projects," says Adlabs Films chairman and managing director Manmohan Shetty.
Adlabs plans to distribute 18-24 Bollywood films overseas this year and has some of the biggest films lined up for release in the coming months, like Rakesh Roshan's Krrish, Sajid Nadiadwala's Jaanemann, Ravi Chopra's Babul and Mani Ratnam's Guru.
Hyde Park Entertainment, a production, financing and international sales company privately held by American film producer Amritraj, is planning to establish a foothold in India and is in talks to form a joint venture with an Indian animation company.