Kingdom of Dreams (KOD), India’s first live entertainment complex, is all set to script its success story beyond the national capital region. The company, promoted by one of the country’s largest event management firms, Wizcraft International Entertainment, and real estate developer Apra Group of Companies, has firmed up plans to invest Rs 500 crore to set up a second live entertainment hub in Mumbai.
Anumod Sharma, Managing Director, The Great India Nautanki Company (GINC), which operates KOD said, “We have plans to take Kingdom of Dreams across the country. The first destination in Gurgaon has been received well by people. We will now set up as second entertainment complex in Mumbai.”
“KOD Mumbai will be larger in scale than the one in Gurgaon. Construction work will start by the middle of next year. The project will be completed in two years”, added Sharma. The company has earmarked an investment of Rs 500 crore for the project. KOD Mumbai would be funded through a mix of internal accruals, equity dilution and loans from financial institutions.
GINC had invested around Rs 300 crore to set up the first destination at Gurgaon in Haryana in September last year.
The company has also entered into an agreement with Creative Artists Agency which will showcase home production, musical extravaganza ‘Zangoora — The Gypsy Prince’ in countries across the world. Sharma declined to specify details of the revenue-sharing arrangement with CAA, but said the agreement is for a period of 10 years.
Talks are also underway with firms in Las Vegas, Singapore, Dubai, United Kingdom and South Africa to take Kingdom of Dreams overseas. Last December, the company had inked an agreement with Dafeng Industries (China) to set up 10 live entertainment destinations in China.
Dafeng, a leading stage equipment manufacturer in the world, is a $4-billion company. The venture has roped in the China Tourism Board which will provide land for the entertainment complexes. Sharma informed, “We have identified four sites at Hanguo, Shanghai, Beijing and Gonzow. Work will start this October.” Feasibility studies are on for the other six locations.
