Kaleidoscope Entertainment lines up 3 films; to raise funds

MUMBAI: Kaleidoscope Entertainment is planning to release three home productions before March 2009. The company is also actively looking at raising funds in the near future for its expansion plans.

Of the three, the shooting for two films is complete. As has already been reported by Businessofcinema.com, the first film is titled Chintu Ji and is based on actor Rishi Kapoor, whose nickname is Chintu. Rishi Kapoor plays himself in the movie, which has been directed by Ranjit Kapoor and is a comedy based on the future life of Rishi Kapoor. Chintu Ji willrelease before the end of this year.

The second film that Kaleidoscope Entertainment has readied is titled Stoneman and is a crime thriller, which is directed by Manish Gupta. The movie is currently in post-production and stars Kay Kay Menon and Arbaaz Khan. Gupta had earlier directed one story of Darna Zaroori Hai and has also assisted Ram Gopal Varma in writing films like James, Sarkar and D. Stoneman is slated to release before the end of this year.

The third is an English film, which is based on the business of call centres with romance as a backdrop. "This film has been under planning for more than a year now. We are looking at an international director to direct it. The cast will be Indian, however, we haven’t finalised the details as yet," says Kaleidoscope Entertainment managing director Bobby Bedi.

On the other hand, Kaleidoscope Entertainment is also readying to release its television serial Mahabharata soon. The show will be aired on Star Plus. However, Bedi declined to offer further details.

Speaking about Kaleidoscope Entertainment’s expansion plans, Bedi said that the company would be looking at raising funds to the tune of $ 50 – 100 million in the near future. "We are currently exploring our options to raise funds. We are mulling listing on the AIM at the London Stock Exchange; however, the time is not right as the market is very shaky at present. We will list when we think the time is right. The deployment of the funds raised will be carried out over a period of two years in various projects that we have chalked out," he informs.

Kaleidoscope Entertainment’s previous movie productions include Fire, Bandit Queen, Saathiya, Mangal Pandey and Maqbool.

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