Hindi
Investors sue Paramount over movie-financing deal
MUMBAI: A group of investors have sued Viacom Inc‘s Paramount Pictures saying that the studio‘s misinterpretations about a movie financing deal has lead them to losing their $40.1 million investment.
The lawsuit has been filed in the US District Court in Manhattan by Allianz Risk Transfer, Marathon Structured Finance Fund, Newstar Financial and Munich Re Capital Markets New York.
The firms, which invested in debt instruments, claimed that Paramount had failed to disclose changes made in its risk-mitigation techniques in regards to a slate of films that were to be produced, released and distributed between April 2004 and March 2006.
These firms have now decided to significantly curtail the use of international presales to co-finance the slate of films.
In total, investors provided about $231.2 million in financing to Paramount through the investment vehicle, the complaint said. The transaction closed in July 2004, reported Dow Jones newswire.
“We are disappointed that these sophisticated investors, who agreed to accept the widely known risks of investing in a slate of motion pictures, are attempting through litigation to undo the bargain they struck in 2004,” a Paramount spokesman said in a statement.
“We intend to establish in court that these allegations are entirely without merit,” he added.
Hindi
Remembering Gyan Sahay, the lens behind film, television and advertising
From a puppet rabbit selling poppadums to Hindi cinema, he framed it all.
MUMBAI: There are careers, and then there are canvases. Gyan Sahay, the veteran cinematographer, director, and producer who passed away on 10 March 2026 in Mumbai, had one of the latter. Over several decades in the Indian film and television industry, he turned lenses, lights, and the occasional puppet rabbit into something approaching art.
A graduate of the Film and Television Institute of India (FTII) in Pune, Sahay built his reputation as a director of photography across a career that stretched from the early 1970s all the way to the digital age. He was the kind of craftsman who understood that a well-composed shot is not merely a technical achievement but a quiet act of storytelling.
For most Indians of a certain age, however, Sahay will forever be the man behind the rabbit. His direction of the iconic long-running television commercial for Lijjat Papad, featuring its now-legendary puppet bunny, gave the country one of its most cheerfully persistent advertising images. It was the sort of work that sneaks into the national subconscious and takes up permanent residence.
His big-screen credits as cinematographer include Anokhi Pehchan (1972), Pagli (1974), Pas de Deux (1981), and Hum Farishte Nahin (1988). In 1999, he stepped behind a different kind of camera altogether, making his directorial debut with Sar Ankhon Par, a drama that featured Vikas Bhalla and Shruti Ulfat, with a cameo by Shah Rukh Khan for good measure.
On television, Sahay was particularly prized for his command of multi-camera production setups, a skill that made him a go-to technician for large-scale shows and reality programmes. In an industry that has never been especially patient with complexity, he was the calm hand on the rig.
In later life, Sahay turned teacher. He participated regularly in masterclasses and Digi-Talks, often hosted by organisations such as Bharatiya Chitra Sadhna, sharing hard-won wisdom on cinematography, the comedy of timing in a shot, and the sweeping changes brought by the shift from celluloid to digital. He was also said to have been involved in a project concerning a biographical film on Infosys co-founder N.R. Narayana Murthy.
Tributes from the film industry poured in following the news of his passing, with colleagues remembering him as a senior cameraman who served as a rare bridge between two entirely different eras of Indian cinema. That is, perhaps, the finest thing one can say of any craftsman: he kept up, and he brought others along with him.
