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MUMBAI: Italy-based Marden Entertainment has
signed an agreement with web-hosting company
Switch Media Services. Additionally, Marden
has also signed a declaration of intent with
Bollywood Network of India.
The
agreements were signed on 27 March, which marked
the concluding day of Ficci-Frames 2008.
Under
the agreement, Switch Media will co-produce
the movie The Choice.
Marden
Entertainment and Switch Media will work towards
creating digital assets, and distribute them
globally via online video using Switch Media
platform. Together, they will also develop mobile
phone applications pertaining to The Choice.
Switch
Media will also provide its video management
platform and undertake to commercialise the
project for online video and mobile consumption
in the primary markets of Italy, Europe, the
UK and US, and the secondary markets like Asia,
Australia, the UAE, South Africa and South America.
Both
companies will create a business plan for the
successful monetisation and electronic distribution
of The Choice for online video and mobile.
In
the agreement between Marden Entertainment and
Bollywood Network, the latter will provide the
Indian casting for The Choice. Bollywood
Network will cover all costs related to the
Indian cast such as transportation, housing
and salary, consultation on Indian costumes
as well as costs related to the purchase.
Marden
Entertainment will cover the remaining cost
related to the production and marketing of the
film.
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