PYRAMID SAIMIRA TO RAISE $775 FOR EXPANSIONS

Pyramid Saimira Theatre announced here on Thursday that it proposed to raise $775 million by April-May this year through three of its subsidiaries and the parent company for acquisitions and expansion. “By June, we would have invested $1 billion,” said P. S. Saminathan, Managing Director of the group, at a press conference.

The company acquired a major stake in London-based Aurona Technologies Ltd, a video-gaming and interactive entertainment software company, along with its top management, while three other acquisitions were in the pipeline. Mr. Saminathan said the company was scouting for a place either in Chennai or Hyderabad or Bangalore for setting up a special economic zone (SEZ).

Console gaming


Targeting the younger customer-base, the company was planning to convert at least 1,000-1,500 sq. ft. of space in every theatre in its chain into console gaming space.

Mr. Saminathan said the company was planning to produce 60-70 movies with an investment of Rs. 800 crore this year out of which Rs. 200 crore would be spent on gaming and animation.

The group turnover was expected to be Rs. 800-900 crore by the end of the current fiscal.

Comments

Post a Comment

Popular posts from this blog

WILL DEVAYANI COME BACK TO KOLANGAL

Image
( BY N.THYAGARAJAN ) Will Devayani come back to Kolangal to continue her lead role as Abhinaya, is a million dollar question that poses not only to the Vikatan Productions, director Thiruchelvam and many of its viewers. The Sun TV's mega serial's viewers have become bored for not seeing Abhinaya for the last fifteen days. Abhinaya in this serial was shot and reached the stage of coma after having admiited to a hospital. The sudden turn in the serial's story line perplexed many and now Abhinaya has to be operated upon for which the hospital demands Rs.10 lakhs. The Abhi's family members run pillar to post to get that money was shown for the last one week. The viewers are bored after seeing Devayani being shown often as hospitalised with the very same clippings. The cat is out of the bag now. Devayani is now appearing in another serial Manjal Magimai as Soundarya, a dhitto character of Kolangal's Abhinaya. The new serial is produced by the Kalaignar TV Channel. It ...
Read more

ACTING TALENT IS INBORN WITH SHANTHI ANAND

Image
BY N.THYAGARAJAN Many recognised her that she would prosper if she begins to act in films. Then Shanthi was studying in SIET College. She mistook her friends' advice whenever they asked her to act in films. Then Shanthi was doing her Bharatha Natyam classes under the tutelage of Kalaimamani K.J.Sarasa. She has the photo-genic face to bring all nine moods of human beings on her face. On the day of her first dance performance 1984, actress Padmini and politician H.V.Hande, who presided over the function praised her saying that the girl did her dance well and if she was prepared to act in films, she had the bright future. Then Shanthi felt that her college friends were truly advising her to become an actor. Time was when actor, director and producer Parthiban was looking for an young girl for his film Sugamana Sumaigal. Shanthi and her father rushed the gates of the actor. There was a big queue with different faces. When her turn came, Parthiban asked her to repeat a dialogue of hi...
Read more

ACTOR RAGHUVARAN'S DEATH- FILM ACTORS VISIT TO ACTORS HOUSE

Image
FOLLOWING THE DEATH OF RAGHUVARAN, MANY FILM PERSONALITIES VISITED THE DEATH ACTOR'S RESIDENCE ON WEDNESDAY TO SHARE THEIR GRIEF WITH THE FAMILY. HERE ARE SOME OF THE IMPORTANT PHOTOS FOR OUR READERS TO GO THROUGH.( PICTURE BY: INIAN RAJAN ) NEWS BY: N.THYAGARAJAN ULTIMATE STAR AJITH, COMEDIAN MANORAMA AND MANY OTHERS VISITED THE HOUSE OF THE ACTOR.
Read more