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Pyramid Saimira to demerge production and distribution subsidiaries

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MUMBAI: Chennai-based movie production, distribution and exhibition company Pyramid Saimira Theatre Ltd (PSTL) has decided to demerge its distribution and production subsidiaries from the parent company.


Analysts see the demerger as a step towards listing both the distribution and the production companies.


PSTL MD PS Saminathan had earlier told Indiantelevision.com that the production company would be listed.


PSTL houses its distribution business under Pyramid Saimira Content Distribution while production falls under Pyramid Saimira Production International Ltd. (production wing) from the parent company.”



Pyramid Saimira said today the demerger is subject to necessary approvals.


PSTL board today also approved the raising of up to $100 million through international offering of securities including Foreign Currency Convertible Bonds (FCCBs), Global Depositary Receipts (GDRs), American Depositary Receipts (ADRs).


PSTL has been facing serious liquidity crunch and has exited from the gaming business by selling its UK gaming subsidiary Aurona Technologies.


The company had earlier announced that due to huge business loses, the company suffered working capital erosion.

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Kuku enters theatrical cinema with Indian Institute of Zombies

Audio and micro-drama giant launches first Hindi feature film on 8 May.

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MUMBAI: Kuku just added brains to its bite because when an audio and micro-drama powerhouse decides to make a zombie comedy, even the undead had better watch their step. Kuku, one of India’s largest digital entertainment companies and the force behind Kuku FM and Kuku TV, has announced its foray into theatrical cinema with its debut Hindi feature film, Indian Institute of Zombies (IIZ). Billed as India’s first campus zombie comedy, the film is set to release in cinemas on 8 May 2026.

Set inside an elite engineering campus, IIZ blends zombie horror, youth comedy and sharp social satire, promising a high-energy big-screen experience. The film stars an ensemble cast including Jessie Lever, Anupriya Goenka, Mohan Kapur, Ranjan Raj, Shivani Paliwal, Shantanu Anam, Rose Sardana, Sachin Kavetham and Tanishq Chaudhary. It has been developed in-house at Kuku, scripted by Hussain Dalal and Abbas Dalal (known for Brahmāstra and Farzi), and directed by Gaganjeet Singh and Alok Dwivedi of Low Gravity Productions.

Kuku, CEO Lal Chand Bisu said, “Kuku has always been obsessed with how India consumes stories. We built scale in personal consumption through Kuku FM and created a new micro-drama category with Kuku TV. Theatres represent the next frontier, and Indian Institute of Zombies marks the first of many, rooted in youth culture, genre innovation and mass Indian tastes.”

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Kuku senior vice president Kunj Sanghvi added, “IIZ is a film for everyone who has ever been on a college campus. We observed the success of horror comedies at the box office, the lack of a breakout Indian zombie film, and the insatiable appetite for campus stories across age groups.”

The project also showcases Kuku’s AI-native approach to filmmaking. Artificial intelligence has been deeply integrated into concept structuring, story architecture, scheduling, budgeting and creative iteration not as a gimmick, but as an amplifier to enable faster development cycles and sharper decisions.

With this move, Kuku is evolving from a leader in audio and vertical storytelling into a multi-format entertainment powerhouse, leveraging its deep audience insights and technological edge to create culturally resonant theatrical experiences.

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In a content universe where stories are getting shorter and screens smaller, Kuku is boldly going big proving that even in the age of two-minute episodes, there’s still plenty of room for zombies, campus chaos and full-blown cinematic laughter. Indian Institute of Zombies hits theatres on 8 May 2026.

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