20
Thursday
September 2018
6:48 PM IST
News Headlines
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | Health   | About Deepika 
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.


Viswasam- On set photos leaked
Aiswarya- Abhishek's Gulab Jamun would go on floor in mid 2019
Varun and Anushka signed as ambassadors of Skill India Campaign
Madhuri, Alia, Varun and to share screen
Gautham- Dhanush's Enai Nokki Paayum Thota to release on Diwali
Swathy Reddy ties knot with her love
Amala Paul injured while filming a stunt sequence for Adho Andha Paravai Pola
Deepveer to tie the knot on November 20 in Italy
Maradona - People will love this guy
Kinavalli - Where six friends and a ghost meet
Ente Mezhuthiri Athazhangal: Just like a romantic Candle Light Dinner
I've not signed any memorandum against Mohanlal: Prakash Raj
Saamy Square have Vikram as Father and Son duo
Sarkar: Dubbing to begin soon
I am a big flop actor: Karan Johar
Bittersweet moment for us: Akshaye on Vinod Khanna's Dadasaheb Phalke honour
Happy Sonam is getting married, Anand a great guy: Harshvardhan Kapoor
Auctioning 'Rustom' costume for good cause: Akshay Kumar
I lost my virginity through rape: Amy Schumer
Priyanka Chopra to attend Prince Harry and Meghan Markle's wedding
KERALA NEWS
Bar bribery case: Court dismisses the vigilance report
 Thiruvananthapuram: The vigilance special court dismissed the report that absolved K.M. Mani from th  
State Kalolsavam to be held in December
Actor Captain Raju passes away at 68
Hartal affected normal lives
INTERNATIONAL NEWS
Palestinian schools strive to modernize classrooms
 Ramallah, Sep 19 (AP) As the teacher pointed to the large touch screen, her first-grade classroom ca
Trump: Declassified Russia probe papers expose 'bad things'
100 die in severe flooding in Nigeria: relief agency
Pak govt, Opposition agree for parliamentary probe into vote rigging charges
NATIONAL NEWS
CAT 2018: Registration extended to Sept 26; Admit card to Release on Oct 24
 CAT is one of the most sought after exam in the country for candidates possessing a Bachelor’s degre
2 history-sheeters arrested following encounter: Police
Attack on Cong workers in Chhattisgarh is political persecution: Rahul Gandhi
Instant Triple Talaq to be criminal offence
Untitled Page
Rashtra Deepika LTD
Copyright @ 2018 , Rashtra Deepika Ltd.