Carving Dreams, Hollywood Studios ink deal

MUMBAI: Talent agency and entertainment company Carving Dreams Entertainment has inked a $ 100 million co-production deal with Los Angeles’ based Hollywood Studios International.

As per the deal, both companies will co-produce five films featuring both Indian and international talent. The deal will span across the next 24-36 months.

A key aspect of the deal is that each of the films will be simultaneously shot in English and in Hindi and will mark the Hollywood debut for many stars from Indian cinema. The projects, which are currently being developed, will be shot in India, the Middle East, and Europe.

Carving Dreams Entertainment director Neeraj Bahl said, “We are very pleased to be partnering with Hollywood Studios International for this exciting initiative. This association gives us the opportunity to not only create movies for global audiences but also provide a platform to showcase Indian talent internationally through these film projects. The deal will also offer us the opportunity to enhance our relationships with leading Hollywood talent agencies. We are looking forward to a wonderful partnership that will add a new dimension to our film industry.”

Hollywood Studios International CEO Steven Saxton added, “The Indian film industry is going through an explosive growth phase. This venture extends an amazing opportunity to produce great movies with a venerable partner and then to have those movies reach an extensive audience. With both our artistic sensibilities and commercial instinct combined with marketing and distribution expertise, the prospects of this collaboration are extremely exciting.”

Carving Dreams Entertainment has represented artists like Kajol, Ajay Devgan, Hrithik Roshan, Bipasha Basu, Lara Dutta, Shiney Ahuja and Irrfan Khan.