First film revenue update (1607G)
09 5월 2011 - 3:00PM
UK Regulatory
TIDMPKP
RNS Number : 1607G
Photon Kathaas Productions Ltd
09 May 2011
Photon Kathaas Productions
First film revenue update
Chennai, 9 May 2011. Photon Kathaas Productions Ltd. (AIM: PKP,
"PKP"), the South Indian film company, has secured revenues of
$396,404 to date from its share of sales of Nadunisi Naaygal ("Dogs
of the Midnight), its first release following the company's
admission to AIM in November 2010.
Nadunisi Naaygal is a small budget Tamil language production
directed by PKP's Chief Creative Officer Gautham Vasudev Menon and
is a three-way co-production between PKP, R.S.Infotainment and
Escape Artists. The movie's total production cost was in the order
of US$ 900,000 with PKP's share of production cost being US$
265,527
PKP's total revenue share from the movie to date is $396,404;
made up of domestic theatricals ($94,000), TV $191,000,
international theatricals $56,180 and ancillary rights $56,180.
Venkat Somasundaram, PKP Chief Executive said:
"We are delighted by these revenues from our first film - they
are in line with our expectations and have met our gross margin
targets."
Enquires
Photon Kathaas
Venkat Somasundaram, Chief Executive +65 6224 4991
Reshma Ghatala, Head of Marketing +91 44 2820 2988
Seymour Pierce Limited 020 7107 8000
Nandita Sahgal/Tom Sheldon (Corporate
Finance)
Laetitia MacManus (Corporate Broking)
College Hill 020 7457 2020
Adrian Duffield/Jon Davies
About Photon Kathaas Productions
Photon Kathaas Productions is the first film company
specifically created to make and distribute films of different
genres to a primarily South Indian audience, speaking the languages
of Telugu, Tamil, Kannada and Malayalam.
PKP benefits from a special creative relationship with its chief
creative officer, Gautham Vasudev Menon. Gautham is one of the
leading directors and producers in South Indian cinema. He has been
involved in nine films to date, not only as a director but also as
a screenplay writer, an executive producer and a producer. His
earlier films include: Minnale (2000), Rehna He Tera Dile Mein
(2001), Kaaka Kaaka (2003), Gharshana (2004), Vettaiyadu Vellaiyadi
(2006), Pachaikili Muthucharam (2007) and Vaaranam Aayiram
(2008).
A. R. Rahman is PKP's creative adviser. He is an Indian film
composer, record producer, musician and singer and is credited for
totally overhauling the style in which music is made in India. A.
R. Rahman has won two Academy Awards (Slumdog Millionaire) 25
Filmfare Awards, four Indian National Film Awards, a Bafta Award,
two Golden Globes and two Grammy Awards.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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