Gv Films

[harish2005]

Media co. to invest Rs 100 cr in Bollywood
By: Ketan Ranga
October 13, 2005
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Film director
Mahesh Manjrekar
Bollywood directors can stop worrying over the financing, production, distribution and marketing of their movies from now on, as help is at hand.

New media houses like GV Films plan to support promising directors with finance and expertise right from the stage of conception to distribution and marketing.

Seven projects:

Most films that are not distributed on time incur huge losses for the producer and the director. This will change now, and the directors will finally get respite from hunting for financers, which is the norm now.

Directors can now concentrate on their work, and leave the rest to us.

We have already invested Rs 15 crore in three projects and another Rs 35 crore for four movies slated for release in April 2006, said Kunal Singh CEO, GV Films.

Professional approach:

Film director Mahesh Manjrekar said, It will surely minimise the risk that filmmakers face now. We can focus on our direction without distraction.
Mahadevan Ganesh, chairman of GV Films, said, In the coming years we will be investing at least Rs 100 crore every year in Bollywood.

As a director, I feel safe as I dont have to worry where the finance will come from, said director Jagmohan Mundra who has been taken on board for directing a movie for GV Films.

 

[harish2005]

Turnaround numbers

results out today:
netprofit:1.7Cr(Q3-06) V/S 0.002Cr(Q3-05)

 

[harish2005]

GV Films - Board Meeting on Feb 10, 2006

GV Films Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on February 10, 2006, to consider and approve the Memorandum of Understanding proposed to be entered into between the Company and M/s. Dynamic Infra Developers P Ltd, Delhi (shortly DIDL) for promoting the Special Purpose Vehicle to execute a huge entertainment infrastructure project at Mumbai at a cost around USD 1 billion on a Joint Venture basis with M/s. Dynamic Infra Developers P Ltd, New Delhi. The proposed Joint venture will handle a project sizing USD 300 million in Phase - 1.

DIDL will provide Land & Develop Jointly the Entertainment project with the Company Providing the Software from its Huge Library of 6,000 films and also Expertise in operations and Management of Same which envisages employing more than 500 IT engineers specialising in Media Software

 

[harish2005]

Manisha joins GV Films
Manisha Koirala has joined GV Films as a Board of Director where she actively participate and add creative in puts to films to be produced under their banner. "I was very impressed with the plan GV films came up with. Their vision for the future. GV Films did not limit itself to filmmaking only but also plans to get into television, build studios for film shooting and also construct hotels all over India. They even plan to come up entertainment village that will have indoor and outdoor games. All this was creatively satisfying and I decided to be a part of it." When asked if GV films planned to make a film with her in the lead Koirala said, "There are plans definitely. GV films have signed directors Joy Augustine, Mahesh Manjrekar, Jag Mundra and Anees Bazmee. One of the four will definitely direct me in a venture that we plan to produce. I will actively participate in the screenplay writing of the film with me in the lead."

 

[harish2005]

THE HINDU
Online edition of India's National Newspaper
Thursday, Sep 01, 2005

Films coming soon to your PC

Sudhish Kamath

GV Films is to acquire Internet rights for the latest films Online booking facilities and portals for web-streaming are making films available at the click of a mouse. But for internal opposition by distributors, web-streaming will not take too long to arrive.





CHENNAI: The quickest, easiest access to a movie will soon be through the credit card as the window on your home computer collects the ticket fare.

Virus-prone peer-to-peer file sharing networks that people use to download the latest movies illegally may soon be a thing of the past, for Kollywood finally seems to be establishing base in cyberspace. But for pressure and opposition from local distributors, you will soon be able to watch movies on the net, thanks to broadband Internet connectivity.

While companies such as GV Films have acquired the Internet movie rights for over 6,000 films and tied up with International players for web-streaming films on the personal computer, local multiplexes such as Mayajaal and Sathyam Cinemas (which is to shortly announce its online booking facilities) are using the PC to open up ticket counters and letting you choose your own seats in your favourite movie hall.

GV Films, which has tied up with 1-Net Singapore, is apparently in "the process of acquiring Internet rights for the latest films." Through portals gvtamilfilms.com and telugupictures.com hosted by 1-Net Singapore, the company backed by a new management, intends streaming and distributing films to the Indian community around the world.

As digital technology brings entertainment and movies closer home, cash too is being replaced by the card. For Rs. 10 more, you can not only choose your seat in the hall but also avoid the hassle of the queue or negotiations with black-ticket sellers.

"When `Mangal Pandey' released, about 70 per cent of the advance bookings were done online through credit cards or through door-delivery," says a Mayajaal representative. "They just had to pay Rs. 10 plus the ticket cost." Instead of paying Rs.150 for a second-class ticket to the black ticket seller at the corner of the road, people opted to pay the same to book a first-class ticket over the net.

Sathyam Cinemas currently uses its door-delivery channel that account for about 15 per cent of the bookings. "We have a call centre (phone number: 5224 5224) and a team of seven-eight guys just to deliver the tickets. We have a delivery charge of Rs. 20 for each block of four tickets and a service charge of Rs. 5 per ticket," says Niranjan, manager-ticketing, Sathyam Cinemas, adding that online bookings will be introduced "very shortly."

Theatres under Abhirami and Sangam complexes allows online bookings against credit card details on Sulekha.com.

Web-streaming, however, wears a `Coming Soon' tag.

Given Kollywood's conservative approach, insiders say that it will be a while before web-streaming of movies is formalised. "We still have opposition from many distributors for releasing films officially through video three months after release," says a leading producer. "But we have to realise that if we don't do it ourselves and soon, the pirates sitting in some part of the world will continue to use our content to make their money on the net."

 

[harish2005]

GV Films - Outcome of Board Meeting


GV Films Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 10, 2006, has considered and approved the Memorandum of Understanding (MOU) proposed to be entered with M/s Dynamic InfraDevelopers Pvt Ltd, Delhi (DIDL).

The main points of the MOU are as follows:

1. The Company will execute a huge entertainment infrastructure project at Mumbai at a cost of around USD 1 billion on a Joint Venture basis with M/s Dynamic Infra Developers Pvt Ltd, New Delhi through a Special Purpose Vehicle (SPV).

2. The size of the Phase - I of the Project will be around USD 300 million.

3. DIDL will provide land and develop jointly the entertainment project with the Company.

4. The Company in consultation with DIDL will finalise the executing and financing agencies for the Project.

5. The Company's huge library of 6000 movies for which it owns internet film rights will be a part of the entertainment content the project would require.

6. More than 500 IT engineers specializing in Media Software will get direct employment.

 

[nkpanjiyar]

Dear harish2005, why are you so mad about GV film. There are much better counter to put your energy and focus. This penny stock is so much speculative.

Thanks,
nkpanjiyar

 

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[mindmystery786]

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