PRESS RELEASE
Riding high on the success of Jab We Met and Welcome, The Indian Film Company is getting aggressive in the distribution space. The entertainment company, which is focusing on production and distribution of Indian films, will invest Rs 150 crore to acquire worldwide distribution rights of three movies — Anees Bazmi’s Singh is Kinng, Rohit Shetty’s Golmaal Returns and Sanjay Gadhvi’s Kidnap.
Sandeep Bhargav of The Indian Film Company confirmed the news with “We are looking aggressively at distribution and believe that it will contribute more than 50% to our total revenues. I believe all the three films are important entertainment properties for 2008 and would be successful. We are less than two years old and our films are in the process of being made. So, we are concentrating on acquiring distribution rights for good movies. While we have already acquired distribution rights for the three big-budget movies, in due course we would look at acquiring rights of small and medium-budget movies as well.”
Singh is Kinng would see Vipul Shah just as a producer for the first time, his earlier directorial film Namastey London is a one of high grosser of 2007, Golmaal Returns’ is being produced by Shree Ashtivinayak. Multi-starrer Kidnap would be the first film of director Sanjay Ghadvi outside the Yash Raj banner.
In the past, The Indian Film Company has acquired worldwide rights of Jab We Met, which had a Box Office collection of Rs 55 crore. Recently released Welcome has so far collected Rs 120 crore at the Box Office.
