Hollywood studio shuts Indian shop

Himalayan News Service

Mumbai, January 29:

Hollywood studio 20th Century Fox has decided to wind up its operations in India, creating a flutter in film circles here.

A month after the CEO of Fox’s Indian office, Aditya Shastri, quit the company to join UTV, Fox’s Asia Pacific head has issued notices to employees about the studio closing down its Indian operations.

Fox’s marketing manager Paresh Manjrekar said, “It is a fact that the market for dubbed English films is not the same as it used to be once upon a time. A majority of English films, apart from a handful few, have got a poor response at the box-office in recent times. “Considering the publicity costs and the efforts involved in releasing a film, it may not be a profitable proposition,” he added.