UTV ventures abroad with Rs 45 crore film

Mumbai, Jan 26 | Updated: Jan 27 2005, 05:30am hrs
UTV Software Communications Ltds film production division, UTV Motion Pictures, will venture into the international arena with a $10 million (about Rs 45 crore) film. The film will be produced jointly with a Hollywood studio.

The company, which is coming up with its about Rs 100 crore initial public offering (IPO) during the second half of next month, will jointly produce the film with the Hollywood-based studio. UTV Motion Pictures has been on the lookout for a tie-up for the past one year now. The English film is based on a novel and the star cast includes Indian as well as international actors. The director of the film is also a reputed name abroad, said UTV group chief executive officer Ronnie Screwvala. The shooting of the film is expected to begin in March and would wrap up by 2006, he added.