History
In 1966, the Kanteerava Studio was launched as a joint stock company on 20 acres (81,000 m2) of land. The studio was started with the Government of Karnataka holding 93 per cent of the share capital and the remaining 7 per cent by private shareholders. Over the several decades, the studio suffered losses, as new generation of film-makers and new techniques took over the industry.
In 2005, the State Government initiated a proposal to revive the studio by leashing in private firms for the maintenance. This was followed by two recommendations by the Public Sector Reforms Commission — that is, either to close down unhealthy government undertakings or to go for private partnerships to revive them. The government then informed that, it was open to offer seventy four per cent maintenance-related investments to private partners, however, without compensating the government's authority over the decision-making.
Read more about this topic: Kanteerava Studios
Famous quotes containing the word history:
“Culture, the acquainting ourselves with the best that has been known and said in the world, and thus with the history of the human spirit.”
—Matthew Arnold (1822–1888)
“History has neither the venerableness of antiquity, nor the freshness of the modern. It does as if it would go to the beginning of things, which natural history might with reason assume to do; but consider the Universal History, and then tell us,—when did burdock and plantain sprout first?”
—Henry David Thoreau (1817–1862)
“The history of his present majesty, is a history of unremitting injuries and usurpations ... all of which have in direct object the establishment of an absolute tyranny over these states. To prove this, let facts be submitted to a candid world, for the truth of which we pledge a faith yet unsullied by falsehood.”
—Thomas Jefferson (1743–1826)