Prime Focus Group has signed a cope with the Authorities of Maharashtra to create a $400M leisure hub within the coronary heart of Mumbai’s filmmaking business, the house of Bollywood.
The “international leisure vacation spot” will comprise a serious manufacturing studio supported by “state-of-the-art digital infrastructure,” stay leisure amenities, theme parks and expertise facilities, and retailers, eating places, inns and housing. The plan is for an area that companies each content material producers and TV and movie fans
Prime Focus mentioned the funding could be 3000 crores ($400M) and create “hundreds of extremely expert jobs within the area.” Namit Malhotra, Prime Focus founder and CEO, made the announcement alongside Devendra Fadnavis, the Chief Minister of Maharashtra.
The VFX, submit and media companies firm, which works on Hollywood and Bollywood films and TV reveals, additionally owns and operates one in every of Asia’s greatest manufacturing amenities in Mumbai, together with eight Hollywood-designed soundstages, and its DNEG Mumbai studio can also be positioned close by.
“My imaginative and prescient for this improvement, which is shared by the Honourable Chief Minister Mr. Devendra Fadnavis, is to honour the 100+ yr legacy of our world-renowned film business by bringing collectively the mixed may of the Prime Focus Group corporations – together with DNEG’s Oscar-winning creativity, Brahma’s AI expertise, and Prime Focus Studios’ financing and manufacturing capabilities – to construct the world’s most superior and progressive centre of excellence for the creation of content material, proper on the coronary heart of our filmmaking heritage, right here in Mumbai,” mentioned Malhotra.
“Leveraging our nation’s historical past of expert craftsmanship and innovation, we aren’t simply creating the world’s foremost content material creation centre; we’re additionally making a vacation spot that presents India’s tradition, our historical past, and our capabilities to the world, with leisure and life-style experiences which are second-to-none.”
“I’m glad so as to add the creation of this next-generation leisure hub to the checklist of initiatives which are remodeling our state, preserving us on the forefront of India’s development and improvement,” added Fadnavis. “I stay up for working with Prime Focus and DNEG to create a world-class manufacturing and tourism vacation spot, securing Mumbai’s place as a filmmaking and leisure centre of excellence.”
