Director M. Night Shyamalan (The Sixth Sense), whose standing in Hollywood has taken quite a beating after the disastrous performance of his last film, 'Lady in the Water'.

But his sixth sense prevailed again, and Shyamalan has found a Bollywood production company to collaborate with 20th Century Fox for a new film, 'The Happening', which will reportedly star Mark Wahlberg.

In a video news conference, Shyamalan, who was born in India but raised in suburban Philadelphia, said that he had approached Mumbai-based UTV to finance half the $57-million budget of the film "so that I can have ownership rights over the movie rather than just selling it to the studio."

Ronnie Screwala, CEO of UTV, who agreed to participate in the venture, said, "It's going to be a huge budget, but it will be fantastic if there was an Indian connection on both sides."

UTV has had a great time of late especially with their 'Rang De Basanti' staking its claim for the Oscars after proving to be a trailblazer in India and abroad. He said his company UTV also partially financed Chris Rock's upcoming 'I Think I Love My Wife'.