Dr. B. K. Modi’s Spice Group, with interests in Telecom, Media, Entertainment, Technology and Financial Services, has announced plans to invest Rs. 400 crores in the entertainment and media businesses.
Modi’s new venture, Spice Enfotainment, has chalked out plans in film production, television production, broadcasting, music, gaming and Internet, while creating, owning content and distributing it over multiple platforms including digital and wireless.
Modi has announced two film projects with leading film directors, Ashutosh Gowariker and Anees Bazmee. Ashutosh Gowariker will direct the Rs. 100 crore epic titled ‘Buddha’, whereas Anees Bazmee will direct a full-on commercial potboiler titled ‘No Problem’ in association with Anil Kapoor Productions.
Gowariker’s film will be in English and has been written by Oscar winner David Ward. The movie will go on floors in May 2010 and completed by the end of the year.
‘Buddha’ will be shot in the foothills of Himalayas. Gowariker will only be directing the movie and not co-producing it.