As per a deal signed in LA recently, the leading production houses in bollywood and hollywood have come together with a view to promote joint production and commercial cooperation. Under the terms of the deal signed by both the parties, hollywood and bollywood will now be coordinating at a higher level with a view to attain stronger ties in the field of production, distribution, technology and content protection.

It is to be mentioned here that a key objective for this agreement will be that the Indian producers can avail benefits from the 20-25 per cent tax incentives Hollywood producers get in Los Angeles.

Rajiv Dalal, India head of the Motion Picture Association (MPA) said that the Indian industry is now looking forward to a constant commercial cooperation with the US film industry on joint investment and co-productions.

Moreover, Dalal also mentioned the fact that it is expected to increase economic development and job growth in both nations. Considering the fact that there are close to 4.2 million people working in the film industries in the two countries, the deal will be beneficial to both the countries.