Rajinikanth, Akshay Kumar's 2.0 Earns Rs 370 Crore Even Before its Release
New Delhi, Nov 24: Akshay Kumar, Rajinikanth starrer 2.0 is one of the most anticipated films of 2018. The film is touted as the most expensive Indian film ever made.
According to a report, the makers have pre-sold the digital and the satellite rights of all three versions of the film at a whopping amount of Rs. 370 crores. With this, the film has already recovered more than half of its production cost even before its release.
"While the distribution rights of Telangana/Andhra Pradesh, Kerala, Karnataka and Northern belt have already been sold to individual distributors, LYCA has retained the distribution rights of Tamil Nadu and Overseas. They have adopted the self-distribution model at these two major markets given the fact that the business potential is sky high," reported Bollywood Hungama.
The report also gave the breakdown of the recovery amount. Take a look:
Satellite Rights: Rs 120 crore (All Versions)
In his Tamil debut, Akshay will be playing the antagonist in the film, an unconventional scientist called Richard. Meanwhile, Rajinikanth will be returning as Vaseegaran and robot Chitti.
Directed by Shankar, 2.0 also features Adil Hussain, Sudhanshu Pandey and Amy Jackson in important roles. AR Rahman has composed the music for the film.
The film is slated to be released on November 29, this year.
Digital Rights: Rs 60 crore (All Versions)
North Belt Rights: Rs 80 crore (Advance Basis)
Andhra Pradesh/Telangana Rights: Rs 70 crore
Karnataka Rights: Rs 25 crore
Kerala Rights: Rs 15 crore
Total: Rs 370 crore
At Rs 543 crore, this sequel to Rajinikanth’s 2010 blockbuster film Robot is more expensive than several successful Hollywood VFX classics. Deadpool (2016) had originally cost only $58 million. Even X-Men(2000) was made in $75 million and Batman (1989) in $35 million.
Courtesy: www.news18.com
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Bill to set up single higher education regulator likely to be tabled in Parliament next week
New Delhi (PTI): A Bill which seeks to set up a single regulator for institutions of higher education is required to facilitate universities and other higher educational institutes become independent and self-governing, officials said.
The Bill is likely to be introduced in Parliament next week after it got the Union Cabinet's nod on Friday.
The proposed legislation, which was earlier christened the Higher Education Commission of India (HECI) Bill, has now been named Viksit Bharat Shiksha Adhikshan Bill.
A single higher education regulator, which was proposed in the new National Education Policy (NEP), looks to replace the University Grants Commission (UGC), the All India Council for Technical Education (AICTE), and the National Council for Teacher Education (NCTE).
"The Bill proposes to set up a Higher Education Commission of India to facilitate universities and other higher educational institutes become independent and self-governing institutions and to promote excellence through a robust and transparent system of accreditation and autonomy. It is likely to be introduced (in Parliament) in the coming week," an official said.
While the UGC presently oversees non-technical higher education in the country, the AICTE oversees technical education, while the NCTE is the regulatory body for teachers' education.
The Commission is proposed to be set up as a single higher education regulator, but medical and law colleges will not be brought under its ambit.
It is proposed to have three major roles -- regulation, accreditation and setting professional standards, officials said.
Funding, which is seen as the fourth vertical, is not proposed to be under the regulator so far. The autonomy for funding is proposed to be with the administrative ministry, they said.
