Kung Fu Yoga: New Investment Deal

After news about Viacom18's disinvestment spread, Taihe Entertainment and Sparkle Roll Television released a statement today that all is well with the production of Kung Fu Yoga. Filming has not been interrupted and the film will be released as expected next year. They said that the film has attracted the attention of many investors, and during the process of negotiation, some declined to invest. The film is still a joint Indo-Chinese venture and a new India investment partnership deal is expected to be signed shortly. In the meantime filming continues with Chinese funding.

A few behind-the-scenes photos were also released:

SOURCE: MTIME.COM

Kung Fu Yoga Loses Viacom 18

According to this report from the Wall Street Journal Viacom18 Media has pulled out of Kung Fu Yoga.

MUMBAI—Indian entertainment company Viacom18 Media Pvt. Ltd. has pulled out of a movie project aimed at marrying the film traditions of China and India, an executive involved said.

The film, titled “Kung Fu Yoga,” stars martial-arts legend Jackie Chan and a less well-known Indian actor. Shooting has started in Dubai on the feature, which is expected to include fight scenes as well as a Bollywood-style dance number.

“We called it off because we couldn’t agree on the terms,” said Gayatri Gulati, head of international business at Viacom18, a joint venture between New York-based Viacom Inc. and India’sNetwork18 Media & Investments Ltd.

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Ms. Gulati declined to give more details about the reasons for Viacom18’s decision to drop the project, which also involves two Chinese companies, Taihe Entertainment Corp. and Shinework Media.

People familiar with the matter said Viacom18 wasn’t ready to invest in the film as it felt it wasn’t getting enough say in how it was being made.

SOURCE: WSJ.COM