Finance And Software Talent Door To Hollywood
Hindi Film industry with its center in Bollywood just same like as their compatriot Indian Inc is trying to establish its impact over global cinema as the latter one has done while acquiring business firms in foreign land.
Activities like Anil Ambaniâ€™s deal to buy Speilbergâ€™s Dream Works SKG; Walt Disneyâ€™s dominant share in UTV Software Communications Ltd. is example of increasing influence of Bollywood industry, internationally. Ambani indicated interest of Indian Inc when he signed agreement to provide finances to production houses owned by Jim Carrey, George Clooney, Tom Hanks, Brad Pitt and Nicolas cage. And subprime market crisis in USA has led these production houses to welcome foreign money in Hollywood.
Ambaniâ€™s this tie up with Dream Works SKG and other production houses is expected toÂ Â yield up to 30 script of which at least 10 will go finally into production. Apart from Hollywood Ambani is interested in entertainment industry in United States as he has acquired 200 theatres there.
This was merely one side of the picture, the other one is of outsourcing by Hollywood companies from India, due to her exceptional skills in software development. As the animation or the specials effect part of the movie due to expertise services occurs to be quite cheaper in India.
The fact is well reflected through the example of India being place for animation outsourcing with example of 50 Indians being part of the animation team of â€˜The Chronicles of Narnia.â€™ The 30 percent of the work for Hulk has also been done over here in India. An half an hour animated movie in India cost $ 60, 000 where as in USA it costs round to $ 2,50, 000 to $4,00, 000.
There are many companies including Walt Disney Pictures, Time Warnerâ€™s Cartoon Network Enterprise and Sony Pictures Entertainment which have started outsourcing job from top quality computer programmers and animators or local set up local operations.
No doubt, this mixture of finance through hands of like Ambanis and excellence of Talent through hands of animators and software professional will surely benefit Bollywood as well as Hollywood.