Singh is Kinng Grosses £7.35m on Opening Weekend (Indian Film CO (The)
RNS Number : 1109B
Indian Film Company Limited (The)
12 August 2008
12 August 2008
The Indian Film Company
("IFC" or the "Company")
Singh is Kinng smashes Indian Box Office record
grossing £7.35million on opening weekend
The Indian Film Company (AIM:IFC), a leading Bollywood film investment company, is pleased
to announce that Singh is Kinng, a film of
which it owns the worldwide distribution rights, has achieved what is believed to be the
largest opening weekend box office takings for a
Bollywood film following its worldwide release on Friday, 8 August 2008.
The film, an action comedy starring Akshay Kumar and Katrina Kaif, directed by Anees
Bazmee, achieved worldwide gross box office takings
of INR 595 million (£7.35 million). The film was released on 1700 screens worldwide, across
India, U.K., U.S.A, Canada, and U.A.E.
The film's success in the U.K propelled it to 7th position in the UK TOP 10, an index
which includes the latest Hollywood releases.
Additionally, IFC recently sold the music rights to Singh is Kinng for a limited period to
Junglee Music, a division of the Times of
India Group for INR 107 million (£1.32 million); in what is believed to be a record
valuation for a film soundtrack in India.
Sandeep Bhargava, the CEO of the Investment Adviser to IFC commented:
"We are delighted that Singh is Kinng has had a fantastic opening weekend. There was a
great deal of interest in the film prior to its
release and we are optimistic that the film will continue to achieve excellent box office
takings over the course of the next few weeks. The
success of Singh is Kinng underlines the ability of the IFC team to invest in quality
productions and maximise revenues through extended
distribution in order to create significant investor value."
For further information, please contact:
The Indian Film Company Limited
www.theindianfilmcompany.com
Grant Thornton UK LLP (Nominated Adviser)
Notes to Editors
The Indian Film Company (the "Company") is a specialist film investment company which was
admitted to trading on the AIM market in June
2007 and raised £55 million in order to invest in a diverse portfolio of Indian films
targeted at the Indian audiences across varying
genre, language and budgets.The Company is managed by Film Investment Managers (Mauritius)
Ltd., which is jointly and equally owned by
Viacom Inc. and BK Media Mauritius PVT. BK Media Mauritius PVT is owned by Raghav Bahl, the
founder and controlling shareholder of Network
18.
This information is provided by RNS
The company news service from the London Stock Exchange
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