Former UTV executive TanujGarg has been appointed head of
Worldwide distribution ofIndian films is becoming more competitive with Studio 18 joining companies suchas Eros, Yash Raj, Adlabs and UTV in releasing films across traditionalBollywood markets. Studio 18 also recently appointed another former UTVexecutive, Ashoka Holla, as head of international distribution andacquisitions.
The start-up company, whichhas offices in
"At Studio 18, we arelooking at a 360 degree studio with interests in production, acquisition andco-productions which allow us to share risk and do more projects with the samecapital. We have a team that understands new and old formats and can exploitboth," said Studio 18 CEO Sandeep Bhargava.
Studio 18 also recentlyannounced a co-production agreement with Bollywood production house SriAshtavinayak Films for four films over the next two years with the first filmexpected to start shooting in the first quarter of 2007.
Network 18 is the holdingcompany of the TV18 Group, which operates four round-the-clock news channelsand distributes content across television, internet and mobile platforms. VandanaMalik and Sanjay Ray Chadhuri, both founding shareholder-directors of the TV18Group, will act as creative advisors for Studio 18.