Financial Daily from THE HINDU group of publications
Tuesday, Nov 04, 2003
Financial Daily from THE HINDU group of publications Tuesday, Nov 04, 2003 |
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Corporate
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Outlook Saregama to restrict film budget Our Bureau
Kolkata , Nov. 3 SAREGAMA, the entertainment company in the RPG group, has decided to restrict its budget in film production to about Rs 5 crore, making a re-entry into the segment with Hindi and Bengali films. The Group Vice-Chairman, Mr Sanjiv Goenka, told presspersons that the company, which has hived off its TV software and filmmaking into a separate company, is also expecting to gain from the songs of these films which would be marketed by Saregama. Pointing out that emphasis would be placed on marketing of these films, especially the Bengali ones that the film subsidiary would produce, he said that the first Hindi film under this banner is expected to roll out by next year. This would be a Rs 4-5-crore budget film `shadow directed' by Mahesh Bhatt and with a new star cast. Mr Goenka, who was releasing a music album of a Bengali film, said that he also hoped to give a help to revitalise the Bengali film industry which was once a pioneer industry. The film — Aalo — has nine Tagore songs and is directed by Mr Tarun Mazumdar. Mr Goenka said that while new and old Hindi film songs constitute 70 per cent of the recorded Hindi music market, Bengali film songs had a very small share. "There is scope for doubling the market share," he said. . US diplomat's office plans to cut album: Mrs Lee-Alison Sibley, wife of the US Consul General in the city is a Tagore fan. But her interest is not restricted to only listening to Tagore music. She is a performing artiste in her own right and having taken lessons hoped to cut her album on Rabindra Sangeet shortly. "I would like to be a bridge between the East and the West," she said.
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