Tuesday, May 27, 2008
Famous Bollywood stars to begin world tour with July premiere in Toronto
The famous Bachchans from Bollywood will be in Toronto to launch ‘The Unfor gettable Tour,' a series of live performances by big names in the Indian film industry, premiering July 18 in Toronto and August 16 in Vancouver, organizers announced on May 14.
Promoters of the tour, Wizcraft International Entertainment, producers of International Indian Film Academy Awards, have promised glitz and glamour combined with cutting-edge technology.
On August 17 last year, Abhishek Bachchan and Aishwarya Bachchan joined event promoters Wizcraft and Ethnic Guru, to announce the mega-star tour.
The couple, along with other leading stars, including Amitabh Bachchan, Akshay Kumar Preity Zinta, Madhuri Dixit, and Ritesh Deshmukh, choreographer Shiamak Davar and music duo Vishal-Shekhar have been named part of the tour. Bipasha Basu and Lara Dutta, named last year, do not feature in the latest list.
To read the full article, click here...
To read the ePaper, visit: http://www.newsindia-times.com
Promoters of the tour, Wizcraft International Entertainment, producers of International Indian Film Academy Awards, have promised glitz and glamour combined with cutting-edge technology.
On August 17 last year, Abhishek Bachchan and Aishwarya Bachchan joined event promoters Wizcraft and Ethnic Guru, to announce the mega-star tour.
The couple, along with other leading stars, including Amitabh Bachchan, Akshay Kumar Preity Zinta, Madhuri Dixit, and Ritesh Deshmukh, choreographer Shiamak Davar and music duo Vishal-Shekhar have been named part of the tour. Bipasha Basu and Lara Dutta, named last year, do not feature in the latest list.
To read the full article, click here...
To read the ePaper, visit: http://www.newsindia-times.com
Labels: Abhishek Bachchan, Aishwarya Bachchan, Akshay Kumar, Famous Bollywood stars, Indian film industry, Madhuri Dixit, Preity Zinta, Ritesh Deshmukh, Toronto, world tour
Tuesday, April 15, 2008
Film industry loses $39 billion to piracy annually
The Indian entertainment industry may be worth Rs.500 billion ($ 124 b.), but the movie segment loses Rs.160 billion ($ 39 b.) annually to piracy.
This startling revelation was made by Ron Summers, president of U.S.-India Business Council (USIBC), at the recent Ficci-Frames global convention on media and entertainment in Mumbai.
He said the global revenue share of the Indian film industry was only two percent of the total annual gross income of Hollywood, primarily because piracy usurped a good chunk of the Indian film revenue earned from the domestic and international markets.
"Apart from adopting effective legal measures to preempt piracy, efforts should also be made to extract maximum value proposition from the entertainment content. The best way to do it is by cashing in on the technological advancement witnessed globally in electronics," the USIBC president said.
Noted Bollywood filmmaker Yash Chopra admitted that it would not be possible to root out the external market force of piracy, which has entrenched itself too deeply over the years.
"But we can't afford to resign ourselves to this fact. We must identify measures to mitigate the hold of this force over the market. We must understand the enormous potential of the digital media and try to get value out of it.
"We have to beat pirates in their own game. But to be able to do this, we need the help of the regulatory bodies," Chopra said. According to the secretary in the Information and Broadcasting ministry, Asha Swarup, the only way to tackle piracy was to ensure tight security in the supply chain.
To read the full article, click here..
To read the ePaper, visit: http://www.newsindia-times.com
This startling revelation was made by Ron Summers, president of U.S.-India Business Council (USIBC), at the recent Ficci-Frames global convention on media and entertainment in Mumbai.
He said the global revenue share of the Indian film industry was only two percent of the total annual gross income of Hollywood, primarily because piracy usurped a good chunk of the Indian film revenue earned from the domestic and international markets.
"Apart from adopting effective legal measures to preempt piracy, efforts should also be made to extract maximum value proposition from the entertainment content. The best way to do it is by cashing in on the technological advancement witnessed globally in electronics," the USIBC president said.
Noted Bollywood filmmaker Yash Chopra admitted that it would not be possible to root out the external market force of piracy, which has entrenched itself too deeply over the years.
"But we can't afford to resign ourselves to this fact. We must identify measures to mitigate the hold of this force over the market. We must understand the enormous potential of the digital media and try to get value out of it.
"We have to beat pirates in their own game. But to be able to do this, we need the help of the regulatory bodies," Chopra said. According to the secretary in the Information and Broadcasting ministry, Asha Swarup, the only way to tackle piracy was to ensure tight security in the supply chain.
To read the full article, click here..
To read the ePaper, visit: http://www.newsindia-times.com
Labels: annual income, Bollywood, filmmaker Yash Chopra, Hollywood, Indian entertainment industry, Indian film industry, piracy, USIBC president
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