Lionsgate Films sets shop in India

Lionsgate Films, one of the most prominent Hollywood studios, will soon start making films in India, it is understood.

The North American company that has already set up an office in Mumbai has a management team in place.

It will soon come out with details of upcoming projects and strategies.

Lionsgate Films is a unit of Lions Gate Entertainment Corporation that reported revenue of $3.2 billion in the year that ended on 31 March 2017.

Internationally, the studio is known for blockbusters such as The Hunger Games, The Twilight Saga: Breaking Dawn: Part 2 (2012), The Day After Tomorrow (2004), La La Land (2016) and The Divergent among many others.

While its primary focus was to concentrate on distribution, over the time, the studio ventured into production backing projects such as Dirty Dancing: Havana Nights (2004), The Prince and Me (2004) and Hotel Rwanda (2004).

Lionsgate’s India debut comes at a time when many Hollywood studios are either slowing down their Bollywood operations or completely shutting shop.

Last year, Walt Disney Co. India decided to pull the plug on its Hindi movie production business shortly after its big-budget release Mohenjo Daro bit the dust at the box office.

Disney’s last Hindi release Jagga Jasoos, that hit screens last month, also only managed Rs53.29 crore and was termed a failure.

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