Trilingual film secures funding (8583Q)

TIDMPKP

RNS Number : 8583Q

Photon Kathaas Productions Ltd

26 October 2011

Photon Kathaas Productions

First trilingual film secures funding

Chennai, 26 October 2011. Photon Kathaas Productions Ltd. (AIM: PKP, "Photon Kathaas", "the Company") the South Indian film company, has signed a contract with a third media group to produce the Indian film industry's first movie shot simultaneously in three languages (Hindi, Tamil and Telugu) with three different sets of actors. This follows the Company's previous announcement that it had entered into two separate co-production agreements to shoot the Tamil and Telugu version of this movie. All three versions will be directed by Gautham Vasudev Menon, PKP's Chief Creative Officer.

The Hindi version of the film is being fully funded by Viacom at an approximate cost of $3 million with PKP receiving a 50% share of the profits. The Tamil and Telugu versions will be fully funded by the co-producers for a total production cost of approximately $5 million. PKP will have a profit share on both of these two versions

Production commenced in September 2011 and all three films will be released in 2012.

Venkat Somasundaram, PKP Chief Executive said:

"This is the first time in Indian film history that a movie is being made simultaneously in three different languages. Not only is this the industry' first trilingual film, but it will also feature three different actors in the lead role with one actress for all three versions.

"It is yet another great example of the benefits of our innovative business model and the production efficiencies that can be gained by leveraging content across multiple languages. It's also a great endorsement from a leading international studio."

Enquiries

 
 Photon Kathaas 
 Michael Rosenberg                          + 44 (0)20 7938 4026 
 Venkat Somasundaram, Chief Executive              +65 6224 4991 
 Reshma Ghatala, Head of Marketing              +91 44 2820 2988 
 
 Seymour Pierce Limited (Nomad & broker)           020 7107 8000 
 Nandita Sahgal/Tom Sheldon (Corporate 
  Finance) 
  Laetitia MacManus (Corporate Broking) 
 
 Rivington Street Corporate Finance 
  (Broker)                                         020 7562 3373 
 Jon Levinson 
  Dru Edmonstone 
 
 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), Vaaranam Aayiram (2008) Vinnaithaandi Varuvaayaa (2010), Ye Maaya Chesave (2010) and Nadunissi Naaygal (2011).

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.

About Viacom18 Motion Pictures

Bombay-based Viacom18 Motion Pictures, part of the Viacom18 Group, is India's premier full-service motion pictures company, with business spanning concept (or creative) development, production, marketing, distribution, merchandising and syndication, worldwide.

This information is provided by RNS

The company news service from the London Stock Exchange

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