Photon Kathaas Productions

First film revenue update

Chennai, 9 May 2011.  Photon Kathaas Productions Ltd. (AIM: PKP, "PKP"), the South Indian film company, has secured revenues of $396,404 to date from its share of sales of Nadunisi Naaygal ("Dogs of the Midnight), its first release following the company's admission to AIM in November 2010.

Nadunisi Naaygal is a small budget Tamil language production directed by PKP's Chief Creative Officer Gautham Vasudev Menon and is a three-way co-production between PKP, R.S.Infotainment and Escape Artists. The movie's total production cost was in the order of US$ 900,000 with PKP's share of production cost being US$ 265,527

PKP's total revenue share from the movie to date is $396,404; made up of domestic theatricals ($94,000), TV $191,000, international theatricals $56,180 and ancillary rights $56,180.

Venkat Somasundaram, PKP Chief Executive said:

"We are delighted by these revenues from our first film - they are in line with our expectations and have met our gross margin targets."

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About Photon Kathaas Productions

Photon Kathaas Productions is the first film company specifically created to make and distribute films of different genres to a primarily South Indian audience, speaking the languages of Telugu, Tamil, Kannada and Malayalam.

PKP benefits from a special creative relationship with its chief creative officer, Gautham Vasudev Menon. Gautham is one of the leading directors and producers in South Indian cinema. He has been involved in nine films to date, not only as a director but also as a screenplay writer, an executive producer and a producer. His earlier films include: Minnale (2000), Rehna He Tera Dile Mein (2001), Kaaka Kaaka (2003), Gharshana (2004), Vettaiyadu Vellaiyadi (2006), Pachaikili Muthucharam (2007) and Vaaranam Aayiram (2008).

A. R. Rahman is PKP's creative adviser. He is an Indian film composer, record producer, musician and singer and is credited for totally overhauling the style in which music is made in India. A. R. Rahman has won two Academy Awards (Slumdog Millionaire) 25 Filmfare Awards, four Indian National Film Awards, a Bafta Award, two Golden Globes and two Grammy Awards.