Beverly Hills/Hong Kong/Mumbai – Twentieth Century Fox and STAR announced the formation of a joint venture, Fox STAR Studios, to produce world-class local-language films in Asia for worldwide distribution. The joint venture will make its first foray in India and soon expand into other markets including China and South East Asia. Paul Aiello, CEO of STAR said, “The formation of Fox STAR Studios marks a new milestone for STAR’s expansion into the business of filmed entertainment beyond television broadcasting and underscores our growing confidence in the marketplace, as well as our long-term commitment to the film industry in Asia. The combination of both of our companies’ resources and expertise will surely help bring greater entertainment options for movie lovers across the globe.” The new venture will begin its maiden operation in India through Fox STAR Studios India with the appointment of Vijay Singh as its CEO. Singh currently holds the position of president, strategy and corporate development of STAR India. Fox STAR Studios India plans to produce Bollywood and Indian regional films. It will also build a national theatrical distribution footprint and enhanced capabilities in the home entertainment and digital media platforms in India while also leveraging Fox Theatrical Network’s global distribution strength across 44 countries worldwide.
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