Aussie firm to launch film fund

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Australian publicly listed investment company, Charter Pacific Corporation Ltd - owners of Bollywood.tv - is launching a film fund in India called ‘Greenlight’ to finance Indian movies in April 2008. Nigel Glynn-Davies, CEO, Charter Pacific Corporation Ltd told FE, “Greenlight fund will function as an Australian film tax relief fund whereby 40% returns will be provided to Indian production houses on any film being shown in Australia.

For the purpose, we are seeking production partners having a good script and production suitable for Australia. Our initial plans would be to invest around 20 million Australian dollars and open-ended investments.” Bollywood tv is the largest UK-based online network to host a comprehensive and high quality portfolio of popular South Asian entertainment, including movies, clips, dramas, stage plays and music.