MUMBAI: Hinduja TMT's wholly-owned subsidiary InNetwork Entertainment is reaping the benefits of Baghban's success.
According to a company release, InNetwork association with the recent BR Chopra blockbuster Baghban is yielding good results with the film turning out to be a hit in both the domestic as well as the international circuits.
Apart from being a world right controller of the film for the next 10 years, InNetwork is entitled to 10 per cent of the total value for which various rights have been sold. This includes the total coverage and 40 per cent of producers' share of overflow.
InNetwork, quoting trade reports, says the revenue of the film in the first eight weeks has been Rs 80 million (net) in the domestic market and a similar amount in overseas market.
While InNetwork has received Rs 12 million towards 10 per cent of total coverage, the company's share of the overflow from producers' account is expected to be in the region of Rs 10 million. The overseas rights of the film have been purchased and sold at a profit and the overflow over a minimum guarantee collection in the overseas market will also accrue to the company, says the release.
InNetwork's similar project for Rahul Productions Hum Do Hamara Ek is expected to hit the screen in the first quarter of 2004. Some of the other ongoing projects of the company include Hindi films like Socha Na Tha, Ek Hasina Ek Diwana, Kyon Ho Gaya Na Pyar and Mehbooba .