Word: mumbai
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...expected to grow from their $2.5 billion today to over $4 billion in 2012, according to a 2009 entertainment-industry report by the Federation of Indian Chambers of Commerce and Industry and the accounting and consulting firm KPMG. In the past, American studios operating from the Bollywood capital of Mumbai were limited by relatively few outlets; in 2005, there were only 13,000 single-screen cinemas in a country with 1.2 billion people. But India's real estate boom and 9% economic growth rate (it has now backed down to 7%) helped usher in a herd of multiplexes...
...Still, buoyed by their increasing revenues, studios have not given up. Disney, which has a stake in Mumbai-based film and television producer UTV, is right now making two live-action films. Fox Star CEO Singh says he hopes to start making up to five Indian films a year. He is betting on the studio's first Indian co-production My Name Is Khan, to be released globally next month. It has all the right ingredients: Bollywood screen royalty, a hit director and the requisite hype. And if it clicks, it could be the script for the ultimate Hollywood-Bollywood...
...trips his predecessors have been making for years to New York City and London, the home cities of big banks and other companies that have traditionally outsourced computer programming and other work to Indian firms. But jaunts to the industrialized world may no longer be sufficient to keep his Mumbai-based firm growing at top speed. So Chandrasekaran is also venturing to locales Indian techies in the past rarely considered worth the cost of a plane ticket. He has already stopped in Beijing and Singapore, and early in 2010, he'll head to Montevideo, São Paulo, Mexico City...
Steven Spurrier was in Mumbai but thinking of Paris. He is the British wine expert best known for organizing the so-called "Judgment of Paris" - a 1976 blind tasting between French and U.S. wines in which the Americans improbably came out on top. The contest was a sensation, and sparked the explosion of the American wine market. Now, 33 years later, Spurrier is hoping to witness another revolution, this time in India. He went to Mumbai in November to co-chair the inaugural Sommelier India Wine Competition, in which a panel of India-based experts judged more than 450 wines...
...into the market is much easier. "The lights in India are on green," he says. And there is a certain camaraderie between domestic and imported wine producers in India, who face the same challenge of getting Indians in the habit of the grape. At events like the one in Mumbai, they came together easily, toasting with both aged vintage Champagne and Maharashtra shiraz. Now that's a revolution...