International
Another extension comes MGM way
MUMBAI: MGM has been given another postponement of its more than $450 million in debt payments.
More than 100 MGM holders of almost $4 billion have agreed to a seventh debt forbearance agreement with the studio. Now the studio has time until 20 October to pay lenders $250 million in principal and more than $450 million in owed interest.
But it‘s likely that MGM will tap the bankruptcy court before with a plan for turning debt into lender equity. Spyglass Entertainment would come in as an almost 5 per cent stakeholder in MGM as part of the plan with Spyglass co-toppers Gary Barber and Roger Birnbaum installed as co-chairmen and co-CEOs.
The duo recently signed a letter of intent to that effect and now are continuing due diligence on MGM financials in an effect to flesh out the studio‘s new business plan. Lenders eventually must vote to approve the bankruptcy reorganization plan.
Current MGM owners including Providence Equity, TPG Capital, Sony, Comcast, DLJ Merchant and Quadrangle likely would see their equity positions in the studio wiped out in a restructuring.
The previous forbearance agreement expired on Wednesday.
International
Russia-India cinematic spectacle Persimmon of My Love set for grand Moscow debut
Hindi cinema style musical revives Indo-Soviet cinema ties for today
MUMBAI: A new chapter in cross-border storytelling is set to unfold as Persimmon of My Love gears up for its premiere in Moscow on 1 April 2026, marking the first large-scale cinematic collaboration between Russia and India in decades.
Positioned as a modern nod to the cultural exchange that once brought Indian classics to Soviet audiences, the film blends Hindi cinema flair with Russian storytelling, aiming to rekindle a long-standing cinematic friendship.
Directed by Marius Weisberg, the musical comedy follows two brothers navigating a lively world of music, family and romance. The lead roles are played by Demis Karibidis and Mikhail Galustyan, with Karibidis also contributing as a screenwriter.
Shot entirely in India, the production leans heavily into Hindi cinema style spectacle. Filming took place across Mumbai studios and the cities of Udaipur and Jodhpur, whose architecture was used to create the fictional setting of Khurmada. A crew of over 350 worked on the project, with large-scale sequences featuring up to 1,000 extras.
The film also brings Indian creative talent into the mix. Dance sequences are choreographed by Jay Kumar, while music by Zurab Matua features songs in both Hindi and Russian, adding to its cross-cultural appeal.
Backed by TNT channel, MyWayStudio and the Russian Cinema Fund, the project reflects a broader push to strengthen cultural ties between the two countries.
With its mix of colour, comedy and cross-border collaboration, Persimmon of My Love is not just a film release but a reminder that cinema, much like music, travels well across borders.
