Eros International Media today said its franchise feature film studio Trinity Pictures is planning two Indo-China co-productions to be released in fiscal 2018, with a budget of USD 40 million.
The films will co-produced with China's Peacock Mountain Culture & Media and Huaxia Film Distribution and will be made in Indian and Chinese languages.
The movies include Kabir Khan's human drama 'The Zookeeper' and Siddharth Anand's cross-cultural romantic comedy 'Love in Beijing', the company said in a statement.
"We continue to establish our dominant global distribution network including entry into the Chinese market. We believe China to be a significant market opportunity for Indian films. Following our co-production treaties last year, we are very proud to announce the first of our joint productions going into production soon," Eros International Group Chief Executive Officer Jyoti Deshpande said.
"With Trinity, we also want to tell stories that transcend the language barrier and have mainstream appeal. We believe our Indo-China co-productions will be game-changing as we pave the way to open up one of the largest film markets in the world," she added.
As per a PwC report, China is propelling Asia-Pacific's growth (including Indonesia, Malaysia) with box office revenue across Asia-Pacific expected to grow to USD 21.11 billion by 2020 and thus continue to emerge as important growth markets for Bollywood.
China is expected to overtake the US box office in 2016 growing to USD 10.3 billion in 2016.