Trading update (8581Q)
26 Oktober 2011 - 8:00AM
UK Regulatory
TIDMPKP
RNS Number : 8581Q
Photon Kathaas Productions Ltd
26 October 2011
Photon Kathaas Productions
Trading update
Chennai, 26 October 2011. Photon Kathaas Productions Ltd. (AIM:
PKP, "Photon Kathaas", "the Company"), the South Indian film
company, announces today that the release of the Hindi remake of
Vinnai Thandi Varuvaaya ("VTV") has now been re-scheduled for early
2012.
Fox Star Studios along with Photon Kathaas have delayed the
release into 2012 in order to capture the best possible theatrical
release window. As a result of the change in scheduled release, the
Company expects that its earnings for the year to 31 December 2011
will be below market expectations. However, the production pipeline
remains strong for 2012 and the Company is in discussions on a
number of new projects.
Production for the movie, which is a co-production with Fox Star
Studios (a joint venture between Twentieth Century Fox and
Satellite Television Asia Region), is complete and post-production
is in its final stages.
Venkat Somasundaram, PKP Chief Executive said:
"The decision to release VTV in early 2012 has been made in
order to capture the best possible theatrical release window for
the film. It's our largest project to date and we are very excited
about this film's prospects."
Enquiries
Photon Kathaas
Michael Rosenberg + 44 (0)20 7938 4026
Venkat Somasundaram, Chief Executive +65 6224 4991
Reshma Ghatala, Head of Marketing +91 44 2820 2988
Seymour Pierce Limited (Nomad & broker) 020 7107 8000
Nandita Sahgal/Tom Sheldon (Corporate
Finance)
Laetitia MacManus (Corporate Broking)
Rivington Street Corporate Finance
(Broker) 020 7562 3373
Jon Levinson
Dru Edmonstone
College Hill 020 7457 2020
Adrian Duffield/Jon Davies
About Photon Kathaas Productions
Photon Kathaas Productions is the first film company
specifically created to make and distribute films of different
genres to a primarily South Indian audience, speaking the languages
of Telugu, Tamil, Kannada and Malayalam.
PKP benefits from a special creative relationship with its chief
creative officer, Gautham Vasudev Menon. Gautham is one of the
leading directors and producers in South Indian cinema. He has been
involved in nine films to date, not only as a director but also as
a screenplay writer, an executive producer and a producer. His
earlier films include: Minnale (2000), Rehna He Tera Dile Mein
(2001), Kaaka Kaaka (2003), Gharshana (2004), Vettaiyadu Vellaiyadi
(2006), Pachaikili Muthucharam (2007), Vaaranam Aayiram (2008)
Vinnaithaandi Varuvaayaa (2010), Ye Maaya Chesave (2010) and
Nadunissi Naaygal (2011).
A. R. Rahman is PKP's creative adviser. He is an Indian film
composer, record producer, musician and singer and is credited for
totally overhauling the style in which music is made in India. A.
R. Rahman has won two Academy Awards (Slumdog Millionaire), 25
Filmfare Awards, four Indian National Film Awards, a Bafta Award,
two Golden Globes and two Grammy Awards.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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