Variety is usually reliable. Now, is arr involved in this ?

cheers
Krish


http://www.variety.com/article/VR1117932402?categoryid=13&cs=1

India's Kaleidescope plans Hindu conquest
Three feature films, over 100 hours of TV p'gramming to 
tell 'Mahabharata' tale
 
By PATRICK FRATER
 
India producer Bobby Bedi's Kaleidoscope Films will produce an 
adaptation of Hindu epic tale "The Mahabharata."
Story of the Bharata dynasty and set in 3,000 B.C., text is the 
second-longest poem in history and is sacred to Hindus. Bedi plans to 
film it as three feature movies and over 100 hours of TV programming 
that will be delivered by the end of 2007. It will also lend itself 
to video and mobile games content.

Budget is pegged at $30 million-$35 million, with a third expected to 
be raised from Indian sources. Bedi, who last produced "The Rising: 
Ballad of Mangal Pandey," is seeking the backing of those Hollywood 
studios that have existing broadcast interests as well as film 
ambitions in India. 

Production will be on a mammoth scale and require some deft political 
negotiations. As an incentive to attract regional backing, Bedi 
expects to build a massive permanent stage that will be donated to 
whichever local state becomes home to the production.

While Kaleidoscope is understood to be amassing a cast of Indian 
superstars -- according to local Indian reports, that includes thesps 
Khan, Rani Mukerji and Shah Rukh Khan and helmer Mani Ratnam -- Bedi 
is focusing on production design features. 

"First level is the use of Indian designers and facilitators," Bedi 
said. "We have a huge advantage as nobody really knows what these 
people looked like, so we can invent a lot to suit our own needs. 
Weaponry is currently being developed by a world top-five games 
company with a view to creating a digital asset that we can use in 
other media." 

Bedi says that project will have a film-sequel-prequel chronology 
similar to "The Godfather," with further backstory and flashbacks 
destined for TV. "If we do this well enough, every family in India 
will own a DVD," says Bedi.

Many Indian families already own the DVD set from a long-running TV 
series.

With a budget that is unprecedented in India, production is expected 
to use sophisticated financial techniques including bank loans and 
completion bonding. Bedi owns a quarter of Film Completion Services, 
India's first bonding company, a joint venture with Los Angeles-based 
Film Finances.

Film adaptations of the classic tale have been made on at least five 
previous occasions, with the earliest in 1920, but few have attempted 
to cover as much ground as the Bedi effort. There was also the 1988-
1990 TV series by B.R. Chopra and Ravi Chopra.

Helmer Rituparno Ghosh, whose recent film "Antar mahal" screened at 
the Locarno fest, is understood to be basing his new film "Draupadi," 
on only a single "Mahabharata" episode.








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