Viacom18 Motion Pictures, India's premier fully-integrated motion pictures studio, CEO Vikram Malhotra has resigned.
Having spent a little over 2 years at Viacom18 Motion Pictures, Vikram will leave to pursue his entrepreneurial aspirations.
He will continue in his current capacity till July 2013, to ensure a smooth and seamless transition. Vikram also headed the strategic distribution alliance with Paramount Pictures International.
Announcing Vikram's departure, Sudhanshu Vats, Group CEO - Viacom18 Media Networks, said, "Vikram has admirably led the reboot of this business to put Viacom18 Motion Pictures amongst the top players in the industry. Over the last two years, we have had tremendous success, stretched the envelope and redefined the rules of Hindi Cinema, making critically acclaimed films that were commercial successful as well.
We have an impressive line up ahead with movies like Chashmebadoor, Bhag Milka Bhag, Madras Cafe and Boss" He further added, "As he now ventures out to pursue his entrepreneurial dream, I wish him all the success in his new venture. " Commenting on the development, Vikram added, "I have had a personally fulfilling and proud time at Viacom18 Motion Pictures and am privileged to have lead a talented team that redefined many a things in both production and distribution of Hindi as well as Hollywood films (marketing and distribution of Paramount movies)." He added further, "I am excited to now pursue my own dream and aspiration in the same space."