Wednesday, February 9, 2011

Bollywood film studio valued at Rs 3000 crores

One of the leading Bollywood banners Shree Ashtavinayak Cine Vision Ltd in association with LFS Media & Entertainment Pvt Ltd have announced a joint venture for the launch of India Studiocity to be located in the heart of Mumbai. India Studiocity will be spread across 300 acres of prime land with an approximate value of INR 3,000 Crores.

India Studiocity will comprise Air Conditioned shooting floors with world-class facilities, Fixed Sets comprising hospitals, roadways, airport interiors, Havellis, street scenes etc and a Back Lot with open areas for shooting. Post production facilities with a complete suite of technology solutions, Film Processing Labs with state-of-the-art equipment and a Satellite platform for global digital screening, amongst other services, will all be located on site (please see below for more details).

In addition, India Studiocity will provide turnkey logistics and concierge services to enable production to take place at any outside location within India. The project will be built in 3 phases, starting with the Film Production Facilities and accommodation for clients and their crews. The second phase will comprise residential, retail, food & beverage and hospitality supported by world-class infrastructure. An international, high quality Theme Park, designed to celebrate new India, will be developed in phase Three.
 
The India Studiocity vision is to be the No1 film production facility in Asia, both for India's domestic filmmakers as well as attracting foreign productions. It will, for the first time, provide foreign filmmakers with the scale and technology to produce major productions entirely within India, along with the advantage to realize better economies.
Situated in a prime location in Mumbai with excellent connectivity, infrastructure and amenities, India Studiocity will also be a commercial, retail and entertainment complex and a premiere new residential community.

The ISC Theme Park will reflect India's heritage, creativity and its exciting future. It will be designed as a major tourist destination, attracting both domestic tourists from around the country and foreign tourists from across the world. As a foreign tourist destination, the Theme Park will increase dwell times of foreign visitors to India, thereby boosting the domestic economy and create new jobs and careers for many thousands of people. 

Source: TOI

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