Medient Studios Inc. (fka MDNT)

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Manu Kumaran, chairman and CEO of Medient Studios, Inc., received the UIBS Award for “Initiatives and Efforts in Promoting Films & Media Business Between USA and India” in Atlanta, Georgia, Sept. 12.

The award was presented to the Indian American entrepreneur by Ajit Kumar, the consul general of India, at the fourth Annual USA India Business Summit held at the Georgia Tech Historic Academy of Medicine.

“Medient has created history by making a large investment and commitment to film and media industry in Georgia and USA. We expect many good products and films to audiences worldwide,” Ani Agnihotri, founder and managing partner, US India Business Research Center, stated in a press release.

Earlier in the day, in his address to the conference, Kumaran spoke about the growing business and entrepreneurial opportunities in film and new media.

The goal of the UIBS is to promote business and investment between the United States and India in key areas of technology, clean tech, infrastructure, logistics, real estate and investment and more. The summit sought to connect entrepreneurs and small-to-medium size businesses.

Meanwhile, Medient announced Aug. 26 that it has executed a $5 million credit facility with TCA Global Credit Master Fund, LP. The facility will finance development of motion pictures and also print and advertising costs for U.S. domestic release of films.

Medient is building a fully integrated movie and game production facility and campus on a 1550 acre property in Effingham County, Georgia. Once operational this production facility will reportedly be the largest of its kind in the United States.


Read more at http://www.indiawest.com/news/13830-medient-studios-manu-kumaran-receives-uibs-award.html#PpRIwK2JZA4wOeJm.99