Reliance Entertainment Joins Hands With Phantom Films
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Monday, 9th Mar 2015, 5:33 PM IST Reliance Entertainment, owned by Anil Ambani, and Phantom Films, owned by Anurag Kashyap, Vikas Bahl, Vikramaditya Motwane and Madhu Mantena, have collaborated for their upcoming films. Both the production houses will form a 50:50 joint venture. A statement said, "The proposed combination will leverage the proven creative and production capabilities of the Phantom team, while enjoying access to the established domestic and international sales and distribution infrastructure of Reliance Entertainment.” "Phantom Films will also be in a position to leverage the world-class and world-leading capabilities of the recently announced Reliance MediaWorks, Prime Focus combination in digital, visual and special effects, pre and post-production, physical studio, etc., with facilities in Mumbai, London, Los Angeles, Vancouver, etc., and including Double Negative, the UK-based digital and visual effects powerhouse, a two time Academy Awards winner for its work in Inception and Interstellar," it added. "Phantom Films has an impressive slate of 6 films releasing over the next 12 months, including 'Bombay Velvet' starring Ranbir Kapoor, 'NH 10' with Anushka Sharma, 'Shandar' with Shahid Kapoor and Alia Bhatt, 'Udta Punjab' with Shahid Kapoor, Kareena Kapoor and Alia Bhatt, 'Hunterrr' and 'Ghoomketu'," the statement further said. Amitabh Jhunjhunwala, Group Managing Director of Reliance Group, said, "This partnership is in line with our evolving strategy in the media and entertainment business, of aligning with like-minded people who are trail-blazers in their own field, and playing the role of supportive investors on our part." Madhu Mantena of Phantom films said, "It's great to be appreciated by India's leading entertainment company, and being given such a huge responsibility. We are overwhelmed with this Partnership, and hope to do justice to it." Vikas Bahl added, "This not only gives us partnership with people we look up to and want to learn from, it opens up our world of learning and access to people and infrastructure which was way beyond our imagination. We are confident we will make even better films thanks to this merger." Anurag Kashyap stated, "This deal opens up our windows to international opportunities and talent. We hope to optimise on this opportunity and take Indian cinema international, and also attract excellent talent into the country." Vikramaditya Motwane added, "This partnership and the avenues it opens up to us give us the opportunity to take our movies to the next level in domestic as well as international cinema. We couldn't be more excited with this partnership." Now you can enjoy ad-free experience by downloading India’s first Box Office mobile app from here –Android:http://bit.ly/BOCapsuleMobileApp and iOS:bit.ly/BOCapsuleiOSApp |