Hindi
Reliance MediaWorks Q1 net loss widens to Rs 1.2 bn
MUMBAI: Reliance MediaWorks Ltd has suffered a consolidated net loss (after minority interest) of Rs 1.20 billion for the quarter ended 30 June, up from a net loss of Rs 536.45 million in the corresponding quarter of the previous fiscal.
Total revenue of the company dropped to Rs 1.93 billion compared to Rs 2.08 billion a year ago.
Expenses jumped 13 per cent to Rs 2.62 billion in the quarter from Rs 2.31 billion.
The company said that the operating loss stood at Rs 190 million in the quarter under review. RMWL clarified that operating loss for Q1 also includes Rs 80 million incurred on account of start up expenses with respect to VFX and 3D Conversion outsourcing businesses, against an order book position of over Rs 2 billion annually.
The company said that it has significantly completed its investmentphase. It has already received board approval for raising an amount upto Rs 5 billion by way of rights issue and the funds raised through the issue will be utilised for substantially reducing the debt of the company, incurred for creating the asset base.
In the segment-wise results, theatrical business reported a revenue of Rs 1.32 billion, slightly less than previous year‘s Rs 1.35 billion. The segment operating loss stood at Rs 369.21 million, from a loss of Rs 237.4 million in the previous year.
Total capital investment in the theatrical exhibition segment stands at Rs 8.92 billion.
From the film production services segment, the company‘s revenue slid to Rs 513.48 million from Rs 730.78 million. It also posted an operating loss of Rs 142.05 million, as against a profit of Rs 121.17 million during the previous year‘s Q1. Capital employed in the film production services segment was Rs 7.14 billion.
In the TV/Film production and distribution segment, the revenue surged to 104.24 million, from Rs 44.93 million a year ago. However, it posted an operating loss of Rs 3.34 million, as against an operating profit of Rs 4.78 million in Q1 FY ‘10. RMWL employed Rs 869.47 million on this segment during the fiscal.
Meanwhile, on a standalone basis, the net loss for the quarter was Rs 922.1 million (from Rs 317.02 million). Total income dipped slightly to Rs 1.22 billion (from Rs 1.29 billion), while expenses were at Rs 1.67 billion, up from Rs 1.35 billion in the year-ago period.
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.
