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WILL SMITH PARTNERS WITH BOLLYWOOD COMPANY: Joint venture to yield two films worth $30 million.
*Indian Entertainment company UTV has announced it has signed a deal with Will Smith’s Overbrook Entertainment and Sony Pictures to produce two films worth a total of $30 million.
Under the terms, Overbrook and UTV will serve as co-producers on the films, while Sony will distribute them in theaters worldwide, explained UTV chief executive officer Ronnie Screwvala on Monday.
"This deal will see UTV expand its presence globally," Screwvala said.
Details of the two movies were not made public, though one would be live-action and the other an animated film, according to AFP.
As previously reported, Smith visited Mumbai in February and toured the city’s film production houses. He also met with major Bollywood actors, such as India’s biggest star, Aishwarya Rai.
"I would love to work with Bollywood queen Aishwarya Rai and feel a marriage between Bollywood and Hollywood is required," Smith was quoted as saying then.
UTV's group company UTV Motion Pictures runs a specialized children's channel Hungama TV and produced the blockbuster movie "Rang De Basanti" (“Color Me Saffron”), which has garnered 1.25 billion rupees (27 million dollars) at the box office to date.
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