M. Night Shyamalan Looks to India for Financing
Posted on March 15, 2007Variety reports that Indian media conglomerate UTV Motion Pictures will help finance M. Night Shyamalan's next film, which is entitled The Happening. The thriller is produced by Fox.
Shyamalan needs a hit -- The Lady in the Water was a critical and box office disaster.UTV confirmed that it will distribute the $57 million-budgeted pic in India and share in worldwide revenues, while Fox distributes worldwide. Fox boarded the pic earlier this month. UTV CEO Ronnie Screwvala, who was introduced to Shyamalan via CAA, flew to Philadelphia prior to Fox's commitment to hammer out a deal with Shyamalan.
"Fox is perfect because they have such strength in distribution and they see the film as a real tentpole for next summer," Screwvala said. Pic, which was based on a spec script, is skedded for release in summer 2008.
Shyamalan plans to lens "Happening" principally in Philadelphia, where he has shot most of his movies. But UTV isn't concerned that the pic won't have an Indian theme. "It is our ambition to be involved with Indian world directors," Screwvala said.