Hollywood re-assessing attitude towards India: Variety

Mumbai, March 22 (IANS) Hollywood investors are now "reassessing their previous cool attitude" towards India and major players like Viacom, Universal, Dream Works and Warner Bros. prefer to invest in the Indian entertainment industry compared to China, says Hollywood trade magazine Variety.

Although India started the process of economic reforms rather belatedly as compared to China, but it has since opened up to the world much faster than the Chinese have done as far as the entertainment business is concerned, it says.

While China is still wary of allowing foreign companies a stake of any significant size