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Monday
June 2018
10:46 PM IST
News Headlines
Fresh FIR filed against Nirav Modi for possessing multiple Indian passports        Nigeria: 31 people killed in twin suicide blasts        1 dead, 20 injured in New Jersey arts festival shooting        Mexico shock World Cup holders Germany        World Cup: Serbia edge out Costa Rica in Group E opener        Messi penalty saved as Iceland hold Argentina        Pakistan SC bars Musharraf from contesting election        FIFA World Cup 2018: Russia stun Saudi Arabia in opener, substitutes shine in 5-0 win        India vs Afghanistan, one-off Test: Afghanistan fight back as India reach 347-6 on Day 1        Four killed, 10 missing after landslide in Kerala        Railways drop coach factory project in Palakkad        Vajpayee better, hopeful of full recovery in next few days: AIIMS director        Congress wins Jayanagar assembly seat in Karnataka        N Korea no longer a nuclear threat: Trump        Former president Maldives and chief justice sentenced for obstruction of justice        Hafiz Saeed-backed MML can’t contest Pakistan elections        Afghanistan not nervous about Test clash with India, says skipper Asghar Stanikzai        Amelia Kerr slams 232* to break 21-year-old record in Women's ODIs        Alappuzha and Thiruvananthapuram offer models of decentralized waste management systems        Bhaiyyu Maharaj, Spiritual Guru To Top Politicians, Commits Suicide        
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Entertainment News
Indywood lauds Saudi Arabia's move to set up cinemas
 
(Dec 19, 2017):Indywood Film Carnival, ambitious project of 10 billion US dollar Project Indywood has lauded Saudi Arabia's move to set up cinemas. Indywood officials announced that it will join hands with Government of Saudi Arabia to establish top-notch cinemas, home cinemas apart from organizing film festivals, talent clubs, and film market expos to accelerate the growth of entertainment sector in the region.

Interestingly, the third edition of Indywood Film Carnival held from December 1 to 4 at Ramoji Film City, Hyderabad, highlighted the significance of setting up cinemas in Saudi Arabia. An announcement was also made on 4th December 2017.


Indywood predicted Saudi move

"We had emphasized the importance of opening up cinemas in Kingdom of Saudi Arabia one week before the official announcement," pointed out Indywood Founder Director Sohan Roy. He added that entertainment is the sunrise sector for the Gulf region and should be utilized it wisely. "Saudi Government's move will give fresh impetus to entertainment sector in the Gulf region and would attract leading players to invest," he said.


Kingdom to benefit

"The opening of cinemas will propel overall growth of the kingdom said Sohan Roy who is also the Chairman and CEO of UAE-based Aries Group and listed as one of the top influential Indian Business leaders in the Arab World by Forbes Middle East..”Saudis currently travel to other countries (United Arab Emirates, Bahrain etc) for entertainment purposes. Once cinemas are open, they will spend their money (for watching movies, shopping and refreshments) in Saudi itself. It will accelerate economic growth of the kingdom and help to generate job opportunities," he said.

"Indywood will take a lead role to utilize the untapped Saudi entertainment market through innovative ventures which will offer world-class entertainment. We will also work out the possibility of movie co-production," he revealed.

Project Indywood aims at initiating 10,000 new 4K projection multiplex screens, 100,000 2K/4K projection home cinemas, 8K/4Kfilm studios, 100 animation/VFX studios and film schools conforming to international standards.

Saudi Arabia lifted a 35-year-old ban on cinemas on 11th December. The first movie theatres are expected to open next March. The government said it is expected to open more than 300 cinemas with more than 2,000 screens by 2030, building an industry that would contribute more than SAR90bn ($24bn) to the economy and create 30,000 permanent jobs.


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KERALA NEWS
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INTERNATIONAL NEWS
Nigeria: 31 people killed in twin suicide blasts
 (Abuja, June 17, 2018):Reportedly, 31 people have been killed in twin suicide blasts in Niger
1 dead, 20 injured in New Jersey arts festival shooting
Pakistan SC bars Musharraf from contesting election
N Korea no longer a nuclear threat: Trump
NATIONAL NEWS
Vajpayee better, hopeful of full recovery in next few days: AIIMS director
 (NEW DELHI, June 13, 2018):Former prime minister Atal Bihari Vajpayee has shown significant i
Congress wins Jayanagar assembly seat in Karnataka
Alappuzha and Thiruvananthapuram offer models of decentralized waste management systems
Bhaiyyu Maharaj, Spiritual Guru To Top Politicians, Commits Suicide
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