[icernet] Bollywood taps Valley VCs

[Arul Selvan]

The Hindi film industry is, in fact, looking for venture capital from the
Silicon Valley in a big way and has formed an e-entertainment industry
alliance which combines the Ficci entertainment division, Nasscom and TiE to
explore the possibility of attracting VC funds to Bollywood.
Says Bobby Bedi, MD Kaleidoscope and producer of Saathiya: "While the Indian
IT industry started with hardly any advantage globally, the film industry is
50 years old. We also have a huge market both domestic and global and like
the IT industry, a large pool of talent. Hence we are  trying to apply the
venture funding model to entertainment as well.''
Source:
http://economictimes.indiatimes.com/cms.dll/html/uncomp/articleshow?artid=32
699310