Hindi
PVR plans to invest Rs 750 mn in FY’12
MUMBAI: Multiplex chain PVR has a capital expenditure plan of Rs 750 million in the current fiscal even as it intends to add 50-60 screens across India, a senior company official said.
The multiplexes will come up in key markets like Surat, Nanded, Delhi, Pune, Kolkata, Jallandhar and Bangalore.
“The plexes will be spread out across the country this fiscal. We will have a more south focus in the next fiscal. The capex plan in FY‘12 is Rs 700 million-750 million,” PVR Ltd. chief financial officer Nitin Sood told Indiantelevision.com.
PVR is sitting on a cash pile of Rs 1 billion and has no fund-raising requirement, added Sood.
PVR currently operates 34 properties with 146 screens in 19 cities across the country.
PVR Ltd. reported a 14 per cent jump in consolidated revenue to Rs 1.17 billion for the three months ended June 2011, compared with Rs 1.03 billion in the prior year quarter.
“The content pipeline has been strong this quarter. We were not impacted by the IPL (Indian Premier League) as there were many movie releases this year. We expect the growth momentum to last in the subsequent quarters this year,” said Sood.
Operating profit grew 86 per cent in the fiscal first-quarter to Rs 343.4 million from Rs 184.3 million in the earlier year.
Net profit rose 159 per cent to Rs 144.2 million compared to Rs 55.6 million a year ago.
Revenue from the exhibition business grew 12 per cent to Rs 948.4 million. Operating profit stood at Rs 355.8 million compared to Rs 158.1 million a year ago. Core business EBITDA grew by 18 per cent to Rs 186.2 million. Net profit at Rs 220.8 million rose 389 per cent.
Continuing with its buyback proposal, PVR has purchased 1.08 million equity shares, or 4 per cent, according to the data provided by the company till 5 August.
Will PVR‘s expansion plans be upset by the market tumult hitting the globe due to the U.S. downgrade and the possibility of a double-dip recession? “The mall developers may slow down. But we are pretty locked up this fiscal and won‘t face any challenge as we intend to add 50-60 screens during this period,” said Sood.
Hindi
Jio Studios unveils AI-powered Krishna teaser at NAB Show 2026
Global first look of Krishna uses Galleri5 AI pipeline on Azure, Historyverse slate as Jio’s Dhurandhar crosses Rs 3,000cr worldwide.
MUMBAI: Krishna has just dropped a divine teaser and this time the gods are powered by silicon, not just scripture. Jio Studios and Collective Studios’ Historyverse stole the spotlight at the NAB Show 2026 in Las Vegas with the world’s first teaser for their upcoming theatrical feature Krishna, directed by Manu Anand. The big reveal happened during Microsoft’s keynote “Powering Intelligent Media, From AI Experimentation to Real-World Impact,” where the film’s AI-native production pipeline took centre stage alongside Collective Artists Network’s in-house platform, Galleri5.
At the heart of this mythological spectacle lies a fresh cinematic workflow built by Galleri5 on Microsoft Azure’s advanced AI and cloud infrastructure. Forget bolting AI onto traditional VFX or animation, this is an end-to-end, production-grade system woven into every layer: world-building, character creation, shot design and final output. Yet the storytelling remains firmly director-led, emphasising emotional depth, stillness, music and performance rather than pure spectacle. The result? Large-format theatrical cinema rooted in Indian history and culture, but conceived in ways that were simply not possible before.
Collective Artists Network runs Galleri5 natively on Azure, leveraging Microsoft Foundry and cutting-edge AI tools to handle film, episodic and advertising workflows in a secure enterprise environment. Microsoft highlighted Collective as a “Frontier” organisation successfully moving AI from pilot projects to real production-scale deployment in cinema. The technology is also on display at Microsoft’s NAB booth in the West Hall (Booth W1731).
Jio Studios (Media & Content Business, Reliance Industries), president Jyoti Deshpande said the project advances the studio’s mission to take Indian stories global with scale, ambition and authenticity, “With Krishna, we are embracing cutting-edge AI-led filmmaking while democratising these tools to make them more accessible, intuitive and cost-effective for storytellers everywhere.”
Collective Artists Network founder & group CEO Vijay Subramaniam added, “We’re using technology developed in India to carry our culture and history to audiences worldwide at a scale never seen before.”
Microsoft, vice president for telco media & entertainment, gaming Silvia Candiani noted that the media industry has reached an inflection point, “AI is no longer about experimentation but delivering real impact at production scale… By building AI-native creative systems on Microsoft Azure, Collective exemplifies how storytellers can unlock new formats, move faster and realise a true return on intelligence while keeping human creativity at the centre.”
Krishna forms part of Historyverse, Collective Studios’ ambitious slate of history and culture-driven IPs. The slate draws from iconic figures and traditions that shaped the Indian subcontinent, including stories inspired by Kali, Karna and Durga. It builds on the already-released Mahabharat: Ek Dharmayudh series, showing how ancient narratives can be reimagined for modern screens.
Jio Studios, India’s leading content studio and the media and content arm of Reliance Industries, continues its blockbuster run. The studio’s Dhurandhar franchise led by Dhurandhar and Dhurandhar: The Revenge has become the first Indian film series to cross Rs 3,000 crore worldwide. It also delivered three consecutive years of India’s highest-grossing Hindi films: Stree 2 (2024), Dhurandhar (2025) and Dhurandhar: The Revenge (2026). In just eight years, Jio Studios has assembled a library of over 160 films and series, with more than 60 titles winning over 500 awards. Other notable successes include Laapataa Ladies (India’s official Oscar entry 2025), Stree, Article 370, Shaitaan and Mrs.
The NAB unveiling marks another step in Jio Studios and Collective’s push to blend Indian storytelling talent with frontier technology proving that the future of cinema may well be both ancient in spirit and thoroughly modern in execution. For audiences who love epic tales with a fresh twist, Krishna promises to deliver divine drama, this time with a little help from the cloud.
