Hindi
Reliance MediaWorks Q2 net loss at Rs 111.5 mn as theatrical biz improves
MUMBAI: Reliance MediaWorks Ltd (formerly known as Adlabs Films) has posted a 80 per cent increase in its income from operations for the second quarter over the previous three months as theatrical exhibition business boomed with the return of Bollywood content in mid-June after the two-month strike was called off.
The company had suffered a net loss of Rs 636.96 million in the first quarter as the exhibition business was shaken up due to the tussle between producers and multiplex owners. However, in the second quarter ending September, Reliance MediaWorks has managed to reduce its net loss to Rs 111.47 million.
On a consolidated basis, the total income of the company for the quarter was Rs 1.88 billion, up 79.88 per cent from the previous quarter. Total expenses were at Rs 1.83 billion, up 23.94 per cent, from Rs 1.48 billion sequentially.
Reliance MediaWorks CEO Anil Arjun commented, “Reliance MediaWorks has shown strong performance in all its business segments in this quarter. The company’s strategic investments and scaled business operations have resulted in the creation of a robust business model which makes us a significant player across the entire film and media services value chain and enables us to be a leading beneficiary of the continuing upswing that the industry has seen since July this year.”
In the segment-wise results, theatrical business reported a revenue of Rs 1.15 billion, a jump of 62.43 per cent from previous quarter’s Rs 708.73 million. However, the company still suffered an operating loss of Rs 84.40 million in the quarter (Rs 298.88 million in the previous quarter), as it invested heavily in theatrical expansion.
The company has employed capital of Rs 152.17 million in the exhibition segment in the quarter, taking the total capital investment in the segment to Rs 10.47 billion.
Its multiplex chain Big Cinemas added 16 screens in the second quarter, taking the total screen count to 480 spread across India, US, Malaysia and Netherlands. The company also entered New Delhi with the reopening of Odeon theatre as Odeon Big Cinemas. During the quarter, it also opened a Megaplex in Mumbai with nine screens and seating capacity of 2109 people.
Also, from film production services segment, the company has earned a revenue of Rs 474.27 million, as compared to Rs 288.89 million in the previous quarter. It also posted operating profit of Rs 146.49 million during the quarter under review (from previous quarter’s Rs 15.08 million).
In the TV/Film production and distribution segment, the revenue stood at Rs 302.37 million, up from Rs 70.81 million on a Q-o-Q basis. Operating profit from the segment was Rs 85.29 million for the quarter, against Rs 12.80 million in the Q1.
As it has not regrouped figures for the previous quarter, the company said in a release that the result is “strictly not comparable” with the previous year’s result.
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.
