20th Century Fox shuts shop!

20th Century Fox shuts shop!
Monday, January 31, 2005 15:27 IST
By Santa Banta News Network
Hollywood studio 20th Century Fox has decided to wind up its operations in India, creating a flutter in film circles here.

A month after the CEO of Fox's Indian office, Aditya Shastri, quit the company to join UTV, Fox's Asia Pacific head has issued notices to employees about the studio closing down its Indian operations.

Refusing to comment on the "exact reasons", Fox's marketing manager Paresh Manjrekar said: "It is a fact that the market for dubbed English films is not the same as it used to be once upon a time. A majority of English films, apart from a handful few, have got a poor response at the box-office in recent times.

"Considering the publicity costs and the efforts involved in releasing a film, it may not be a profitable proposition. But I would not like to make any comment yet on the exact reasons that prompted the development."

Meanwhile, trade analysts too are buzzing with reports about collective losses on several films accrued in the recent past, although Fox's latest release "Garfield" netted a profit of Rs.2.5 million.

Fox, which opened its office in 1932, had in the past few years been looking at further diversifying its operations in India by participating in the dubbed film market and joining in Hindi film distribution.

Now Fox has even instructed its logo to be withdrawn from the publicity and posters of forthcoming film "Bullet", for which it had acquired the distribution rights.

The film shot entirely in Bulgaria was the last among the many films that Fox had acquired for distribution, besides "Pinjar", "Tehzeeb", "Bollywood Calling" and "Ek Haseena Thi", for which it had tied up with the Ram Gopal Varma Productions.
Diljit Dosanjh Sparks Buzz with Cryptic Post on Film Censorship!

Indian singer-actor Diljit Dosanjh has stirred conversation across social media platforms after posting a

Tuesday, June 24, 2025
Ram Kapoor Dropped from ‘Mistry’ Promotions Following Offensive Remarks!

In a shocking development, veteran actor Ram Kapoor has been removed from all promotional activities for the

Tuesday, June 24, 2025
Gagan Arora on how Amazon MX Player’s Lafangey captures the silent struggles of Indian youth!

Amazon’s free streaming service, Amazon MX Player, unveiled its latest original series, Lafangey: Sapne

Tuesday, June 24, 2025
Boman Irani opens up about his long discussions with Rajkumar Hirani: 'We can talk for hours'!

Actor-director Boman Irani and filmmaker Rajkumar Hirani have shared more than just successful

Tuesday, June 24, 2025
Abhishek Banerjee reveals he joined 'Stolen' on the condition that his creative changes would be accepted, in an IMDb exclusive!

Actor and casting director Abhishek Banerjee has been part of several successful titles, including Highway

Tuesday, June 24, 2025