Liz Shackleton and Udita Jhunjhunwala
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India's FICCI Frames conference opens in reflective mood
Although domestic box office picked up in the fourth quarter of 2008, India's film industry is facing a liquidity crunch that is making it difficult to raise fresh capital. According to a KPMG report, film industry revenues are expected to remain flat at around $2.2bn (Rs109.2bn) in 2009, due to ...
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Fox teams with Star to launch Asia-wide studio
Star CEO Paul Aiello revealed the move, which has been an open secret for several months, at the Asia Media Summit in Hong Kong yesterday. It was later confirmed byFox.Starting in India, the joint venture will also produce movies in China and other Asian territories within the Star footprint.
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Frames kicks off with calls for globalisation
India's film industry grew by 13% in 2007 to around $2.7bn, according to a report by PricewaterhouseCoopers (PwC) unveiled at Frames today, while the overall media and entertainment sector grew by 17% to $12.6bn.