iWorld
Anil Ambani to exit telecom business; focus on real estate
MUMBAI: The 14th AGM of Reliance Communications, promoted by Anil Ambani, saw confirmed talks of Anil Ambani’s exit from the telecom business. He said that Reliance Communications will concentrate majorly on real estate in the future.
Founded 15 years ago on 27 December 2002, Reliance Communications was referred to as the vision of Dhirubhai Ambani, the father of Anil and Mukesh Ambani.
At the 14th annual general meeting, Anil said that the first priority for RCom, credited for democratising telecom services through cheaper offers in the early 2000s, was to resolve its debt worth over Rs 40,000 crore.
Pointing to the 133-acre Dhirubhai Ambani Knowledge City (DAKC), the headquarters of Reliance Communications, on the outskirts of Navi Mumbai, Ambani said that there was a huge realty play opportunity that erstwhile corporate headquarters possesses.
He pegged the potential value creation from such sites at Rs 25,000 crores.
According to the reports, Ambani said, “We have decided that we will not proceed in this sector. And many other companies have taken a similar call. This is very much writing on the wall. As we have moved out of the mobile sector, we will monetise at an appropriate stage our enterprise business. Reliance Realty will be the engine of growth for the future of this company.”
Looking at the telecom sector, he said that there has been a “creative destruction” of the telecom sector that has resulted in creation of oligopoly, which is going towards a duopoly and maybe even a “monopoly in the future”. Banks are saddled with over Rs 7.7 lakh crore in debt and the financial troubles of operators have resulted in over 20 lakh job losses, he said.
Post discontinuation of the telecom business, Ambani said the residual business would be the enterprise, data centres, undersea cables and international voice calling verticals etc that are expected to serve some 35,000 businesses. He said half of the revenues from this line of activity will be from overseas. But Ambani said that his company was “committed” to exit even those verticals, to pay-off banks. A decision in this regard will be taken “at an appropriate time,” Ambani said.
iWorld
Epic Company launches unified Epic Studio for films and OTT
Vivek Krishnani to head films business; Samar Khan leads OTT & Television.
MUMBAI: Epic just merged its creative superheroes under one cape because when films and OTT need to fight for attention together, you don’t keep them in separate universes. The Epic Company has launched Epic Studio, a next-generation creative and production powerhouse that unites Juggernaut Productions and Movieverse Studio under a single banner. The move creates a streamlined, scalable platform for premium storytelling across theatrical films, OTT originals, television, digital-first formats and branded content.
Vivek Krishnani has been appointed chief executive officer, Epic Studio (Films), overseeing the theatrical and film business with a focus on culturally resonant narratives across Hindi, Telugu, Tamil, Gujarati and Malayalam cinema. Samar Khan continues as chief executive officer, Epic Studio (OTT & Television) and retains his role as chief content officer for Docubay and Epic On.
The Epic Company managing director Aditya Pittie said, “Epic Studio brings together our entire creative ecosystem under one unified studio vision. This is not just an integration of verticals, but the creation of a collaborative environment where writers, filmmakers, creators, and brand partners can seamlessly develop and scale stories across formats and screens.”
Vivek Krishnani added, “We are building an audience-focused mainstream film studio committed to delivering fresh, engaging, and innovative stories for both theatrical and streaming platforms.”
Samar Khan commented, “This alignment allows us to approach storytelling with a unified studio mindset. We are building IP under one creative umbrella, with scale and longevity in mind from inception.”
The unified structure eliminates silos, enabling ideas to flow fluidly from concept to screen while adapting to evolving audience behaviour. Epic Studio positions itself as a creator-led ecosystem championing purposeful, resonant storytelling with commercial strength.
In an entertainment landscape where stories now leap between screens faster than plot twists, Epic isn’t just building a studio, it’s crafting a single launchpad where every tale gets the best shot at soaring across every platform.
