Moguls eye Boeing’s d-cinema ops

Co. has sunk tens of millions into development

NEW DELHI — Indian corporate billionaires have set their sights on acquiring Boeing Digital Cinema. Among those named as bidders for the d-cinema systems are Silicon Valley-based tech whiz Raj Singh and liquor baron Vijay Mallya.

Digital cinema distribution has yet to really catch on in the U.S., though Boeing has sunk tens of millions into developing the technology. Company announced it was looking to sell its assets in November.

Singh has been involved in the creation of numerous tech companies, with a focus on fiber-optic networking. Singh has dabbled in entertainment — he set up Kundalini Pictures and exec produced two Hindi feature films, “Leela” (2002) and “Maya” (2001), both crossover films made in L.A. and Bollywood.

Mallya runs India’s $1.5 billion United Breweries Group and has also diversified into the entertainment industry. He turned producer for Bollywood potboiler “Rakht” (Blood). Mallya also owns the popular film magazine India Cine Blitz.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Biz News from Variety

Loading