Paramount expects 60% rise in Indian revenue

Paramount Films of India Limited, a Hollywood film distribution company, which has lined up about 30 films for release in India this year, expects a 60 per cent increase in revenue during 2008 when compared to last year.

The company reported earnings of Rs 55 crore in India during 2007.

Speaking to Business Standard on Wednesday during a preview of the forthcoming releases, Paramount Films General manager Sarabjit Singh said several big budget movies such as Indiana Jones and the Kingdom of the Crystal Skull, Mummy-3, The Incredible Hulk and Ironman will hit the theatres this year.

He said the dubbed versions of some of these films will be released in Hindi, Tamil and Telugu languages.

Paramount Films Regional Director (sales and marketing-Asia) Han Seng Lim said, "Estimates project that by 2025, the largest audiences in the world will be in China and India. India, with a century-old film going tradition is the fastest growing market in Asia, representing 73 per cent of Asia-Pacific admissions."