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Indian film industry to benefit from partnering hollywood: Ernst and Young

Source : The Times of India
May 02, 2012

 MUMBAI: India's film industry will benefit from an increased collaboration with Hollywood in the areas of film entertainment, education, VFX and tourism, according to Ernst & Young in a report issued for an initiative launched by the LA Film Council. 


The report, 'Film Industry in India: New horizons', has also said that with Hollywood already contributing Rs 850 crore to Rs 900 crore, or 10-12% of the overall box-office revenue in India, the Indian film industry will witness an accelerated growth than competition from countries like China, Japan, Russia and Brazil. 

There has been 42% increase in the number of Hollywood movies shot in India between 2010 and 2011, and that number is expected to grow, the report said. At least five big-ticket Hollywood productions, including the next James Bond, will be shot in India, while Fox is looking at two more films.

 

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