17 May 2014 1:17 PM, PDT | Variety - Film News | See recent Variety - Film News news »

Azure Entertainment, a Mumbai-based independent producer and financier, has unveiled a slate of a dozen western remakes.

Headlining the slate is a trio from France’s Gaumont, including a Hindi-remake of “Point Blank,” the Fred Cavaye-directed thriller that has also been remade in Korean — and now appears in Cannes as midnight screener “The Target.”

Indian companies have for decades infamously remade films from the U.S., Europe and Asia without licensing the rights. But as the Indian scene become more corporate and the stakes higher, authorized remakes are becoming more common.

Azure, headed by former Reliance and Adlabs executive Sunir Kheterpal, has amassed some $18 million of equity finance, which is matched by a similar amount of debt. He is deploying his capital to acquire established properties and to develop and package movies for the different Indian-language markets.

“We are looking for universal stories we can adapt, stories which are language and culturally agnostic, »

- Patrick Frater and Elsa Keslassy

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