Commenting on Billionaires Club, Sohan Roy, Founder Director of Indywood highlighted that Billionaires Club is a novel initiative to attract business tycoons, investors and corporates from across the world to entertainment industry in India.
“Opportunities galore in entertainment sector especially movies, animation and graphics. The Indian Film Industry according to a report prepared by Deloitte-Indywood is expected to grow at 11 per cent CAGR reaching USD 3.7 billion by 2020. In the coming years the volume of foreign direct investment will play a decisive role in conceiving and implementing mega projects. Billionaires Club is a new step in this direction to educate movers and shakers about the vast opportunities in the sector and how it can be tapped effectively,” he said.
1000 movies in 5 years
Sohan Roy, who is also the Director of Hollywood movie Dam999 announced that Indywood consortium will produce 1000 movies in the next five years and many of the mega film projects would be produced by renowned billionaires and investors.
Big numbers, less revenue
“The Indian film industry is the largest in the world in terms of number of films produced with around 1,500 to 2,000 films produced every year in more than 20 languages. Despite large number of films produced, the Indian Film industry’s gross realisation has been substantially lower than its global counterparts,” added Sohan
Chairman of BRS Ventures and Founder of NMC Group, BR Shetty, who was the chief guest of 2nd edition of Indywood Film Carnival announced Rs 1000 crore Mahabharatha project, impressed by the event and its cause.
World of Cinema
The four day Indywood Film carnival will comprise of 15 major events and will showcase 250 movies from 100 countries including 75 red carpet screenings as part of its film festival segment. The mega event is also expected to drag 5000 trade delegates, 300 exhibitors, 500 plus potential investors and 2500 plus Indywood Talent Hunt finalists.
The conference sessions will include Excellence Awards, Golden Frame Awards, Red Carpet & Networking Events, Product and Project launches, Film Tourism, Investors Meet, Conferences and Panel Discussions, Media Interactions, Workshops and Seminars and Film Business Quiz.