Filmmaker Yash Chopra is believed to be engaged in talks with private equity investor Blackstone to form a joint venture for movie exhibition initiative. The movie exhibition business will strengthen Yash Raj Films’ presence in the media and entertainment space.
Chopra is planning to buy single-screen theatres and convert them into multi-screen theatres, depending on their viability. The new business is unlikely to operate under the Yash Raj Films banner. Yash Raj Films, the production house owned by Chopra, has already acquired two properties in Mumbai, Bahar Cinema in Andheri and Capitol Cinema in south Mumbai, according to sources. The production house is also looking at other metros, including Kolkata, Ahmedabad, Hyderabad and Bangalore.
Formed in 1970, the production house has come a long way from running a studio to distributing movies. It launched the music label called Yash Raj Music some years ago. The company also produces DVDs under the Yash Raj Films Home Entertainment label and started movie distribution last year with the Bollywood film, Krrish, followed by Kabhi Alvida Naa Kehna.
(Source: Business Standard)
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment