International
Point.360 purchases Hollywood facility
MUMBAI: PRNewswire-FirstCall, a leading provider of integrated media management services, today announced that it had purchased for $4.75 million an 18,000 square foot building in Hollywood into which the Company will consolidate its Highland Ave. and Eden FX operations.
Haig S. Bagerdjian, the Company‘s Chairman, President and Chief Executive Officer said, “The purchase of the building fixes our facility costs for these operations for the foreseeable future. We will avoid the need to negotiate long lease arrangements in the expensive Hollywood market as well as improve our annual EBITDA and cash flow by approximately $0.6 million each. We financed $1.2 million of the purchase price with a 10-year mortgage which provides for interest only payments at 7 per cent a year with the principal being due on the tenth anniversary date.”
Bagerdjian continued, “The new location will provide operational efficiencies by combining our two Hollywood locations which now occupy approximately 39,000 square feet. We expect the renovations to the building and move into the new location to be completed in the fourth calendar quarter at a cost of $1 to $1.5 million.”
International
Russia-India cinematic spectacle Persimmon of My Love set for grand Moscow debut
Hindi cinema style musical revives Indo-Soviet cinema ties for today
MUMBAI: A new chapter in cross-border storytelling is set to unfold as Persimmon of My Love gears up for its premiere in Moscow on 1 April 2026, marking the first large-scale cinematic collaboration between Russia and India in decades.
Positioned as a modern nod to the cultural exchange that once brought Indian classics to Soviet audiences, the film blends Hindi cinema flair with Russian storytelling, aiming to rekindle a long-standing cinematic friendship.
Directed by Marius Weisberg, the musical comedy follows two brothers navigating a lively world of music, family and romance. The lead roles are played by Demis Karibidis and Mikhail Galustyan, with Karibidis also contributing as a screenwriter.
Shot entirely in India, the production leans heavily into Hindi cinema style spectacle. Filming took place across Mumbai studios and the cities of Udaipur and Jodhpur, whose architecture was used to create the fictional setting of Khurmada. A crew of over 350 worked on the project, with large-scale sequences featuring up to 1,000 extras.
The film also brings Indian creative talent into the mix. Dance sequences are choreographed by Jay Kumar, while music by Zurab Matua features songs in both Hindi and Russian, adding to its cross-cultural appeal.
Backed by TNT channel, MyWayStudio and the Russian Cinema Fund, the project reflects a broader push to strengthen cultural ties between the two countries.
With its mix of colour, comedy and cross-border collaboration, Persimmon of My Love is not just a film release but a reminder that cinema, much like music, travels well across borders.
