Film Production
Adar Poonawalla acquires 50 per cent stake in Dharma Productions for Rs 1000 Cr
Mumbai: In a blockbuster deal that blends Bollywood glamour with business acumen, Serum Institute of India, CEO, Adar Poonawalla has acquired a 50 per cent stake in Karan Johar’s Dharma Productions for Rs 1000 crore. This partnership not only infuses the storied film production house with fresh capital but also marks Poonawalla’s strategic entry into the entertainment sector, broadening his portfolio beyond healthcare.
Dharma Productions, known for producing some of Bollywood’s biggest hits, will now benefit from Poonawalla’s business expertise and resources. The deal is set to drive the company’s expansion into new content forms and strengthen its position in the evolving Indian film industry. The acquisition also brings an added layer of financial strength and strategic backing that is expected to propel Dharma into new ventures.
Johar, expressing his optimism about the partnership, stated, “I am thrilled to welcome Adar Poonawalla to the Dharma family. His vision aligns with ours, and this investment will open up new avenues for us to create engaging and meaningful content.”
This agreement symbolises a fresh chapter for Dharma Productions, which has been a cornerstone of Bollywood for decades. With Poonawalla on board, the company aims to accelerate its growth plans, expand its reach across platforms, and capitalise on emerging digital opportunities. The funds are likely to be used for producing high-budget films, expanding the company’s digital content division, and exploring international collaborations.
Poonawalla commented on his latest investment, saying, “Bollywood has always fascinated me, and this partnership is a step towards not only investing in a successful business but also in the future of Indian cinema. I look forward to working closely with Karan Johar and the team at Dharma to achieve great things.”
The deal puts Dharma Productions in a stronger position to compete with other major players in India’s entertainment industry. Prior to Poonawalla’s entry, the stake was hotly contested, with Reliance and Saregama among the potential buyers. However, Poonawalla’s winning bid underscored his serious intent to diversify his investments beyond the pharmaceutical industry.
Industry insiders believe this move will encourage more industrialists to look at the entertainment sector as a viable investment avenue. With content consumption surging across digital platforms, Poonawalla’s financial backing could help Dharma Productions expand its footprint in streaming and international markets.
Film Production
Disney to cut 1,000 jobs under new chief executive
The entertainment giant’s freshly installed boss inherits a restructuring already in motion, with marketing and corporate roles bearing the brunt
CALIFORNIA: Walt Disney is preparing to slash up to 1,000 jobs in the coming weeks, the Wall Street Journal reported, as the entertainment giant’s freshly installed chief executive moves swiftly to trim fat and tighten the ship.
The cuts, less than 1 per cent of Disney’s global workforce of 231,000, will fall hardest on marketing and corporate roles. The planning, notably, began before D’Amaro formally took the top job in March, suggesting the new boss inherited a restructuring already in motion rather than one of his own making.
Driving the push is Asad Ayaz, Disney’s newly appointed chief marketing officer, who in January assumed command of a unified, company-wide marketing operation spanning film, television and streaming. His consolidation drive has been given a suitably cinematic internal name: Project Imagine.
The move is modest by Disney’s recent standards. Between 2023 and 2025, under former chief executive Bob Iger, the company eliminated roughly 8,000 positions across several brutal rounds of cuts, saving $7.5 billion, comfortably exceeding its own targets. As recently as June 2025, several hundred more jobs were axed across Disney Entertainment, hitting film and television marketing, publicity, casting, development and corporate finance.
Disney’s structural headaches are well-documented: shrinking streaming margins, a weakened box office, and fierce competition from Amazon and YouTube gnawing at its flanks. The company is merging its Disney+ and Hulu teams into a single app, has brought in consultants from Bain & Co to guide its broader cost strategy, and is betting heavily on digital growth.
The wider entertainment industry offers little comfort. Sony Pictures, Paramount and Warner Bros. Discovery have all taken the knife to their workforces in recent years, and further cuts loom if Paramount’s acquisition of Warner goes through.
For D’Amaro, the message is clear: there will be no honeymoon period. The magic kingdom still has some cost-cutting spells left to cast.
