Will Smith Goes Bollywood

Will Smith and his Overbrook Entertainment production shingle have reportedly signed on with Indian entertainment company UTV to produce a pair of movies.

UTV has announced a deal to co-produce two movies with Overbrook budgeted at a combined $30 million. According to various Indian media reports, the pact includes one live-action film with a $10 million budget and a CG animated project with a $20 million budget.

The films will then be internationally distributed by Sony Pictures Entertainment, home of Smith's production arm.

Smith and Overbrook partner James Lassiter visited India back in February and certain co-production ventures were proposed.

Neither film is expected to feature Smith in any kind of on-camera role.

"This unique agreement is the future of our business", says Sony Pictures Entertainment Motion Pictures Group Chairman Amy Pascal in a statement. "Sony has been involved with local language initiatives for many years and this deal accentuates the way our industry is becoming more borderless and more global every day."

Overbrook Entertainment produced Smith's upcoming "The Pursuit of Happyness," as well as the Oscar nominee's previous hits "Hitch" and "I, Robot."