The Beverly Hills-based production company has opened the curtains on its first production, an adaptation of Andrew Lloyd Webber’s musical. Oscar-winning composer AR Rahman is adapting the score and the director is be Deepa Mehta. Shooting is planned to begin in India in 2011. Lloyd Webber’s Really Useful Group will co-produce with an undisclosed Indian production partner. Arclight Films is handling international sales. Marquee Pictures has been set up to convert Broadway and West End musicals into movies. The company is headed by former Universal executive Jeff Segal; former ICM packaging agent and producer Steve Waterman (Alvin & The Chipmunks: The Squeakquel); Arclight Films president Gary Hamilton; and Azure Media Group chairman Steve Wilkinson.