Los Angeles-based Film Finances and Bandit Queen producer Bobby Bedi's Kaleidoscope Films have launched India's first film completion guarantee company, with Indian director Yash Chopra also expected to join the outfit.

Richard M Soames, president of Film Finances, revealed that the Indian joint venture will seek to provide completion guarantees for around five Indian films a year initially.

Film Completion Services is currently negotiating a completion guarantee for The Invaders which is being produced by Neelmudra Entertainment's Ajey Jhankar and directed by Roland Joffe. The film is slated for simultaneous domestic and international release.