MUMBAI: Anil Ambani-controlled Adlabs Films Ltd is entering into production of Hollywood movies through AshoK Amritraj's Hyde Park Entertainment Group.

"We will be making Hollywood movies only with Hyde Park Entertainment. The first co-financed movie will start production in the next 2-3 months. We are finalising the investment details. We are also working out other movie projects," says Adlabs Films chairman and managing director Manmohan Shetty.

The signing of the co-production, film financing deal with Hyde Park Entertainment Group comes after Adlabs Films has set up offices in UK and US. Though distribution of Bollywood movies will form the primary business activity, the overseas operations will also explore opportunities in film production and post-production activities.

Adlabs plans to distribute 18-24 films overseas this year and has some of the biggest films lined up for release in the coming months, like Rakesh Roshan’s Krrish, Sajid Nadiadwala’s Jaanemann, Ravi Chopra’s Babul and Mani Ratnam’s Guru.

Hyde Park Entertainment, a production, financing and international sales company privately held by American film producer Amritraj, is planning to establish a foothold in India and is in talks to form a joint venture with an Indian animation company.