Michael Balboa's Talhuddex Foundation Looks to Invest in Emerging Markets Film Industry
Talhuddex Foundation is actively seeking opportunities in the foreign film finance industry outside the United States, focusing specifically in developing countries.
New York, NY (I-Newswire) March 18, 2013 - Making movies in developing countries that carries broad global appeal to a wide audience is a great business opportunity given the low costs, amazing modern video technology and the rising class of innovative directors and actors from Latin America, Africa and Asia.
Since the rise of India's Oscar winning Slum Dog Millionaire, the term ‘Bollywood’ no longer means just B Movies. Making movies in emerging countries is not new.
India's Bollywood and Nigeria's Nollywood rise since the late 1980s, have led to the next round of boutique film industries in Mexico, Thailand, Czech Republic, Costa Rica, China and Romania.
According to the Talhuddex Foundation founder and director, Michael Balboa, "The economics of making movies in emerging markets is phenomenal. To make a movie that costs Hollywood $30 million, which means it does not have any A-List stars in it, would costs you less than $5 million to produce in English speaking Nigeria or Belize."
Balboa says he would like to invest in both specific film projects as well as potentially take a stake in a movie production company. With other family offices in Europe, S.America, Asia and Africa, the Talhuddex Foundation also looks to expand its investments in projects that share similar goals and visions of the future.
To learn more about Talhuddex Foundation, please visit http://www.talhuddex.com for details.
About Talhuddex Foundation
Published in:Art & Entertainment
Published On:March 18, 2013
Print Release:Print Release
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