Hollywood studio to takeover this Indian production house – Exclusive
1 min read
After Dharma Productions’ takeover by Adar Poonawalla another leading production house is preparing to sell its majority stake to a big investor. A Hollywood studio is ready to buy a 51 percent stake in one of India’s leading production houses. Details of this takeover are being kept under wraps for obvious reasons, but those in the know have revealed that the deal is almost final.
The Indian production house has dominated the film and OTT landscape in the last decade with some of the best films and OTT shows. Not only have their films been runaway successes, their OTT projects have impressed everyone and won numerous accolades and awards. Owned by a film family, this production house is known for its quality content and the takeover by the Hollywood studio is in part inspired by the great quality of cinema that this production house is known for.
Experts believe these business takeovers in Hindi cinema are a reflection of the tough times plaguing the film industry, where very few films have managed to be box office successes. All eyes should now be on the impending announcement for this deal. If you read about this news in the next few days, remember Filmfare was the first one to break this news.
A Hollywood studio will buy a 51 percent stake in an Indian production house. Continue reading …Read More
