Bollywood is now ready for 'official' remakes

The Indian film industry is now looking at co-production deals with the International market, in order to stop unauthorized remakes of the movies.

According to the Hollywood reporter, Bollywood has long been indicted of ripping off foreign storylines with unauthorized local remakes. But due to increasing corporatization and global consolidation of the industry, all that is now rapidly changing and paving the way for official remakes.

One of the most high-profile releases this year has been 'Bang Bang,' Fox Star Studios' Bollywood take on the Tom Cruise-Cameron Diaz starrer 'Knight and Day.'

A first-of-its-kind French remakes market, which was organized at the Mumbai Film Festival, was put together by French government-backed film body Unifrance and La

Fabrique Films. The event included screenings of six French titles for the consideration of potential Indian producers.

Sunir Kheterpal, Azure Entertainment, said that when it comes to number crunching, remake rights can command prices anywhere between 25,000 dollars and about 160,000, dollars.

It was also mentioned recently that veteran Bollywood banner Yash Raj Films' U.S. affiliate announced that it would remake 2012 Bollywood hit thriller 'Kahaani' as English-language feature 'Deity' for international audiences.