Upbeat on Bollywood, RSVP plans to raise production budget
Ronnie Screwvala's RSVP Movies plans to make a contrarian move by enhancing its ₹200-250 crore annual production budget to grow its content pipeline at a time when Bollywood is battling a downturn in box office performance, worsening the risk-return ratio.
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«RSVP outlay, I would say normally on an annualised basis, is ₹200-250 crore. This is what we normally have as our working capital investment cycle. I am willing to grow that sum,» Screwvala, the producer behind hit films like 'Chennai Express', 'Uri: The Surgical Strike' and 'Barfi!', told ET.
At a time when most film production companies are looking to raise capital, Screwvala said RSVP will utilise its cash reserves for funding its projects and does not plan to scout for external funding.
RSVP, which has produced about 40 films and web series, owning the IP (intellectual property) for most of the releases, is aiming to produce three to four films a year.
Calling RSVP Movies a passion project, Screwvala said the film production company produces all types of films with budgets ranging from ₹1 crore to ₹100 crore. The company has also produced web series like 'Mismatched' and 'Lust Stories'.
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