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
Rashmika Mandanna, Shanaya Kapoor and Naila Grrewal climb IMDb’s Indian celebrity rankings
Upcoming films and returning shows are driving fan interest across Bollywood and streaming
MUMBAI: Bollywood’s popularity contest has a new weekly scorecard, and the numbers are telling. IMDb’s Popular Indian Celebrities list for this week places Shanaya Kapoor at number six, buoyed by buzz around her film Tu Yaa Main. Naila Grrewal slots in at seven on the back of the returning comedy series Maamla Legal Hai, while Rashmika Mandanna climbs to eighth, riding mounting anticipation for Cocktail 2.
The list, available exclusively on the IMDb app for Android and iOS, tracks trending Indian entertainers and filmmakers each week, drawing on data from more than 200m monthly visits to the platform worldwide.
Further down the rankings, Raaka is keeping two of its biggest names in the spotlight. Deepika Padukone holds 11th position, with Allu Arjun close behind at 13th, as the film continues to find traction with audiences.
The list offers fans a weekly pulse on who is breaking through, who is holding steady, and who is fading. It is a barometer as unsparing as the box office itself.
