MUMBAI: Amitabh BachchanÃ¢â‚¬â„¢s production company AB Corp is now out of the red and has declared a profit. WhatÃ¢â‚¬â„¢s more, the company is also mulling listing on the Indian bourses in the near future.
BachchanÃ¢â‚¬â„¢s ABCL (which has now been re-launched as AB Corp) was declared a sick company in 1999 when the company owed a total of Rs 900 million (Rs 90 crores) in the market.
However, things are now looking up for the actor. Speaking to Businessofcinema.com on the listing, Bachchan says, Ã¢â‚¬Å“Our documentation for the same is ready and we shall wait for an opportune time to list on the Indian stock market.Ã¢â‚¬Â
Ã¢â‚¬Å“This year we have declared dividend for our shareholders after eight years. We are moving slowly forward, in order not to make the same mistakes as last time,Ã¢â‚¬Â he adds.
With the sudden rush of Indian film companies like Eros International, The Indian Film Company and UTV Motion Pictures eyeing overseas listing on London Stock Exchange’s Alternate Investment Market (AIM), a recent media report citied AB CorpÃ¢â‚¬â„¢s possible listing on the same. Bachchan agrees that some talks have taken place but nothing is confirmed. Ã¢â‚¬Å“As yet there is no listing in AIM and we do not have concrete plans. Some talks have taken place, but nothing is confirmed,Ã¢â‚¬Â says he.
AB CorpÃ¢â‚¬â„¢s focus in the coming years will be in the areas of production of content in the film, television and audio media. Ã¢â‚¬Å“Our aim will be to enhance the brand Bachchan through various activities and doing projects where we share through joint ventures,Ã¢â‚¬Â says Bachchan.
On the acting front, Bachchan currently has films like Ram Gopal VarmaÃ¢â‚¬â„¢s Sarkar Raj, BR FilmsÃ¢â‚¬â„¢ Bhootnath, Sujoy GhoshÃ¢â‚¬â„¢s Aladdin and Mira NairÃ¢â‚¬â„¢s Shantaram under his belt. Bachchan is, however, not doing Percept Picture CompanyÃ¢â‚¬â„¢s Johnny Walker. Ã¢â‚¬Å“I am not doing Johnny Walker and have returned the signing amount they gave me,Ã¢â‚¬Â he says.
WhatÃ¢â‚¬â„¢s more, after his tryst with television via Star PlusÃ¢â‚¬â„¢ Kaun Banega Crorepati, the actor is now also looking at more television assignments. Ã¢â‚¬Å“I am talking to all television channels but there is nothing concrete yet,Ã¢â‚¬Â he adds.
Throwing light on the current scenario of the Indian film industry, with the influx of corporates, Bachchan feels that funding of movie projects is not a problem. Ã¢â‚¬Å“The key today is the various avenues for the exploitation of content. It is boom time for the entertainment industry,Ã¢â‚¬Â he concludes.