Online edition of India's National Newspaper
Thursday, Apr 21, 2005

About Us
Contact Us
Karnataka
News: Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Classifieds | Employment |

Karnataka Printer Friendly Page   Send this Article to a Friend

Film industry opposed to plan for Kanteerava Studios

K.N. Venkatasubba Rao

Consultant agency suggests development of land, multimedia facilities


  • Measures will not help improve Kannada films, says industry
  • Payment to agency to find partner for venture criticised
  • Rs. 100-crore project envisaged for studio
  • Studio incurred losses till 2004

    BANGALORE: The Kannada film industry, which is keen on the modernisation of Sri Kanteerava Studios, is "deeply concerned and perturbed" over a few measures, such as "cross-subsidisation and commercial development," proposed by a Maharashtra Government consultancy agency, SICOM.

    The Board of Directors of the studio participated in a presentation session on SICOM's plan paper, "Attracting a strategic partner," on Monday.

    Although a meeting discussed the issues of cross-subsidisation and related land development, some pertinent questions were ignored or not clarified properly, it was said. The proposed measures, which focus on multimedia development, are not of much help to the development of Kannada films, according to sources in the industry.

    The sources told The Hindu that the participants differed over the payment of a commission of Rs. 54 lakhs to the agency to find a potential "strategic partner."

    SICOM conducted a study of the studio and proposed measures in a comprehensive plan paper for upgrading it on a par with successful filmmaking and multimedia units in Mumbai, Chennai and Hyderabad. SICOM advocates the privatisation of the studio with an investment of 76 per cent by private players. It has observed that the studio's current resources are not utilised efficiently. But a potential strategic partner could be found, according to it.

    The agency has suggested refurbishing of facilities and the creation of post-production and recording facilities, establishment of an animation studio, preview centres and a media training institute in four or five acres of land at an estimated cost of Rs. 20 crores.

    It has emphasised the need for "cross-subsidisation" and "partial land development, on commercial basis."

    In this context, it has advocated that a "small portion of the land may be converted into a multiplex theatre, a multiplex and shopping mall, an entertainment complex and housing complex for media artistes and technicians."

    Rs. 100-crore project

    It evaluates the estimated cost of commercial development at Rs. 40 crores covering six or seven acres and the overall project cost at Rs. 100 crores. However, the agency has cautioned that an integrated approach is necessary to attract the right partner.

    The studio was built on 20 acres on the outskirts of the city in 1966-67 as a joint stock company. The Government holds 93 per cent of the share capital (Rs. 87.98 lakhs) and 113 private shareholders the rest.

    The studio, which gave up four acres of land to the Bangalore Development Authority, has not been given fair compensation. It is now heavily dependent on television serials makers, who have hired its "dilapidated floors" and vacant administrative blocks for shooting.

    Printer friendly page  
    Send this article to Friends by E-Mail

    Karnataka

    News: Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
    Advts:
    Classifieds | Employment | Updates: Breaking News |


  • News Update


    The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
    Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

    Copyright 2005, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu