The Newsroom

March 20, 2014

RW Media, PE fund acquire stake in Vikram Malhotra’s Abundantia Entertainment (Source: Television Post)

MUMBAI: Vikram Malhotra, earlier the chief operating officer of Viacom18 Motion Pictures, is busy building an independent motion pictures studio. Abundantia Entertainment, founded by Malhotra, has roped in RW Media and Singapore-based family private equity firm Callista Capital as strategic investors. The two investors will hold 49.9% stake in Abundantia Entertainment, according to industry sources. The acquisition price remained undisclosed.

“I will hold majority stake in Abundantia Entertainment. The operations and management control will continue to be with me. Besides film production, we are also looking at producing TV shows,” Malhotra told He, however, refused to disclose the commercial details of the deal.

Abundantia Entertainment has a 50 per cent stake in Crouching Tiger Motion Pictures, a company promoted by Rajneesh Khanuja. Crouching Tiger has 11 films under production with a project cost estimated at Rs 250 crore ( Rs 2.5 billion).

“There is an incubated amount spent by Crouching Tiger Motion Pictures for these 11 movies. While the total cost of these movies will be Rs 2.5 billion, there are co-producers involved,” Malhotra said.

Top-lining the slate are projects with Neeraj Pandey (A Wednesday, Special 26), Shoojit Sircar (Vicky Donor, Madras Café) and Nikhil Advani (D-Day, Kal Ho Na Ho) as well as upccoming talent like Soumik Sen (Gulaab Gang) and a clutch of first-time directors. At various stages of production, the slate will witness releases starting as early as mid-2014.

RW Media is floated by Reena Wadhwa, wife of Ambit Group founder Ashok Wadhwa. The company will have veto rights on any capital infusion.

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