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 trade, the house of Bollywood.
The “world leisure vacation spot” will comprise a significant manufacturing studio supported by “state-of-the-art digital infrastructure,” reside leisure amenities, theme parks and expertise facilities, and outlets, eating places, resorts and housing. The plan is for an area that providers each content material producers and TV and movie fans
Prime Focus stated the funding could be 3000 crores ($400M) and create “1000’s 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 providers firm, which works on Hollywood and Bollywood films and TV exhibits, additionally owns and operates certainly one of Asia’s largest manufacturing amenities in Mumbai, together with eight Hollywood-designed soundstages, and its DNEG Mumbai studio can also be situated 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 trade by bringing collectively the mixed may of the Prime Focus Group firms – together with DNEG’s Oscar-winning creativity, Brahma’s AI know-how, and Prime Focus Studios’ financing and manufacturing capabilities – to construct the world’s most superior and modern centre of excellence for the creation of content material, proper on the coronary heart of our filmmaking heritage, right here in Mumbai,” stated Malhotra.
“Leveraging our nation’s historical past of expert craftsmanship and innovation, we’re not simply growing 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 can be second-to-none.”
“I’m glad so as to add the creation of this next-generation leisure hub to the listing of tasks which can be remodeling our state, conserving us on the forefront of India’s progress and improvement,” added Fadnavis. “I look ahead to 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.”
