Azure Entertainment and Lionsgate India today signed a multi-picture deal with Globalgate to develop and produce key titles from its library for the local Indian film market.
The partnership will kickstart with the joint development and production of the theatrical remakes of two titles from Globalgate library.
The first film in the collaboration is the 2013 Mexican comedy-drama "Instructions Not Included" and Korean film "The Terror Live".
"Instructions Not Included", originally produced and distributed by Lionsgate's Pantelion Films, grossed nearly USD 100 million at the worldwide box office to become the most successful Spanish language film ever, according to a release here.
A high concept action thriller, "The Terror Live" is a 2013 film from South Korea. The film was originally produced and distributed by Lotte Entertainment in South Korea and is currently being negotiated for a remake in Western Europe and Asia. The film crossed USD 36 million (USD) in South Korea.
The writers and directors for the Indian remakes of the two projects are yet to be finalised.
"We're pleased to partner with the world-class creative team at Azure on our first major local-language film production initiative in India... 'Instructions Not Included' and 'The Terror Live' are two great story-driven properties from the Globalgate library that have already demonstrated their appeal worldwide," Rohit Jain, Managing Director - Lionsgate India said.
"It is a momentous occasion for a young company like ours to collaborate with Lionsgate and Globalgate to jointly develop and produce the local language adaptations of these two globally recognised titles. We are always on the lookout for stories which can travel across cultures and borders and we believe that these films have the underlying DNA to do just that," added Sunir Kheterpal, CEO - Azure Entertainment.
William Pfeiffer, Executive Chairman and Co-Founder of Globalgate Entertainment said they found the right partners to remake two of their premier properties and launch the company's entry into the Indian market.
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