[icernet] VCs keen on Bollywood

[Arul Selvan]

The next blockbuster could well be funded by venture capital investors 
rather than local producers. And silver screen production houses 
churning out saans-bahu serials could also attract a large chunk of 
investment. The opportunity is too big to resist. Churning out over 800 
productions a year, the Indian film industry expects exports to top $3.3 
billion by 2005, up from the current $335 million. Its expertise in 
content creation, special effects and process management software are 
already attracting investments, explains Asian Venture Capital Journal 
chairman Daniel Schwartz. As India's song-and-dance masala movies are 
gaining popularity in the overseas market, VCs could also target the 
film distribution segment.

Source:
http://timesofindia.indiatimes.com/cms.dll/html/uncomp/articleshow?artid=30293868