NEW DELHI : Abundantia Entertainment, producer of films like Toilets: Ek Prem Katha, Shakuntala Devi and Sherni, and web shows such as To breathe and Breathe: In the shadows, acquired the rights to the book by journalist Pavan C. Lall Flawed: Rise and Fall of Indian Diamond Tycoon Nirav Modi which will be adapted into a multi-season drama series for streaming.
Lall will serve as the consultant writer for the series adaptation.
Last February, Abundantia also bought the rights to the historical sci-fi thriller from author Ashwin Sanghi. Guardians of the Kalachakra adapt into a multi-season web series, in line with the trend of streaming services turning to books for inspiration.
Earlier, producer Sheetal Talwar announced that he had purchased the rights to Shashi Tharoor’s book Why am i a hindu. US streaming site Netflix has already adapted sports dramas Selection day, spy thriller The blood bard, dystopian novel Leila and the classic by Salman Rushdie Midnight children, after his success with Vikram Chandra’s crime thriller Sacred games. SonyLIV was also very successful for its crime drama 1992 Scam – The Harshad Mehta Story which was based on the scam.
Previously, a producer could easily plagiarize a Western film and adapt it for local audiences. But with the globe having shrunk thanks to digital media, the next best option is to buy books and adapt them, media experts point out. For a long time, feature films were produced from popular books. Anurag Kashyap’s detective docudrama Black friday and the romantic drama of Arjun Kapoor and Alia Bhatt 2 states, stand out as examples. Web series are an extension of the trend, especially since there is a sudden demand for much more content in the digital space. Additionally, many of these books are already successful, so there is a proven target audience for the concept, which may overlap on the web.
Book rights for web series can cost between ??50 lakh and Rs. 2 crores. Media experts say costs vary depending on the book’s published success, genre, and uniqueness.
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