India's Vensat Launches U.S. Film / TV Production Services Company
Among other accomplishments, Mr. Silverman was the first head of pay-television distribution for Warner Bros., launched the pioneering pay-television group, Cinemerica, Inc., served as a former executive at Columbia Pictures, and wrote the start-up business plan for Viacom’s Black Entertainment Television (BET). Engaged in India since 1997, he has for the past eight years been Senior U.S. Strategic Advisor for the media and entertainment initiatives of The Tata Group (Tata Elxsi, Ltd.), which, with $72 billion in annual revenues, is India’s oldest, and largest business conglomerate. Acting on behalf of Tata, he initiated and/or oversaw U.S.-India projects with 20th Century Fox, Disney, DreamWorks Animation, Film Roman, Hasbro, Lionsgate, MGM, Sony, and others.
Mr. Mudunuri noted, “The VenSat mission since day one has been to serve front-ranking U.S. creators of animated and live-action content for motion picture theatres, television, and all other delivery platforms. Having determined this year to aggressively expand into 2D-to-3D conversion services as well, the decision to now enter the American market was a given. That said, John Follmer became a natural choice to head-up operations in the U.S., as well as to oversee the integration between our two studios in India and our American front-end. He has vast VFX experience, at both the creative and executive levels, coupled with a rich background in animation and pioneering works in 3D.”
Mr. Follmer was formerly Senior VP and Head of VFX production at Double Edge Digital, VP and Head of Production at Metrolight Studios, VP at Calico Entertainment, and he has visual effects credits on more than 50 motion pictures, ranging from “RED PLANET” and “DARJEELING LIMITED” to “BATMAN FOREVER” and “TWILIGHT SAGA: NEW MOON.” He has also set up and/or supervised assignments at VFX studios in Taiwan, Russia, and Japan, and he also recently consulted for India’s two largest VFX groups, Prime Focus World and Reliance MediaWorks.
Commenting on the launch of VenSat America, Mr. Silverman said, “I am delighted to lead VenSat’s participation in the mainstream U.S. media and entertainment industries. The group’s talented professionals, substantial resources, and proven accomplishments make them a standout in India, and now we’ve truly gone global in a meaningful way. Venkatesh Roddam is a true visionary; his quarter century in international banking and great strategic savvy gives us unique access to capital and significant opportunities around the world. Furthermore, Satyanarayana Mudunuri is ‘the rock of Gibraltar,’ a veteran of several decades as CFO for some of India’s most respected business organizations.”
Mr. Follmer added, “I am genuinely impressed with all of the group’s executives. Their skills, commitment, and passion for what they’re doing rivals anything I’ve seen anywhere in the world. I could not be more pleased to be aligned with all of them.”
VenSat America’s offices are located at 3500 W. Olive, Suite 300, Burbank, CA 91505; telephone (818) 827-7112. The Company’s New York office is at 275 Madison Avenue, 14th Floor, New York, NY, 10016; telephone (212) 380-8682.
About VenSat Tech Services Pvt Ltd.
VenSat Tech Services, Pvt. Ltd. was founded by Venkatesh Roddam and Satyanarayana Mudunuri, in 2009. Mr. Roddam is a veteran of 20 years in international banking, including almost a decade with Deutsche Bank, last serving as Managing Director responsible for the business operations of the Corporate Trust and Securities Services business for 31 markets, based in Frankfurt. Prior to the launch of VenSat, Mr. Roddam was CEO of one of the leading Business Process Outsourcing services groups. Mr. Mudunuri has, for over three decades, been one of India’s most respected financial executives. He is the former Executive Vice President, Finance, for ITC, Ltd., the diversified conglomerate which is one of the most esteemed companies in India. He also served as CFO of one of the leading Business Process Outsourcing services companies.