Pritish Nandy ties up with Motion Pixel Corporation for 5 films

Pritish Nandy Communications Ltd has announced its five film deal with Florida-based Motion Pixel Corporation and its award winning animation studio Estudio Flex in Costa Rica. The exclusive deal between the two Companies includes five 3D animated full-length Bollywood feature films with a total budget outlay of $25 million. The first of these five films is currently in production and is a version 2.0 of one of Company's most successful live action films.

The deal will see the Company handle the scripting, sound track and marketing of these animated films, which will feature voice-overs by some of Bollywood's top stars, while MPC will do all the animation work.

These animated films will provide a new extension to the Indian film industry, which is one of the fastest growing film industries in the world today, and could multiply its turnover by creating many Indian and international language versions of what are essentially successful Bollywood movies. Manny Bains, Chairman of MPC, comments "We are extremely excited to be working with a creative Company of the stature of PNC. We will work exclusively together to take ahead both the multi-billion dollar animation sector and the ever growing global Bollywood market."

Pritish Nandy shares the same vision. "We have seen MPC's animation work and they will totally redefine what we know as animation movies in India. These are not kid flicks. These are movies of every genre that everyone of every age will watch in their own language. They will surprise world audiences with the ingenuity and magic of Bollywood."

The first of these joint venture animation movies is expected to be ready for release in the first half of 2008.

Source : Equity Bulls

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