Film Production
Balaji Telefilms merger proposal for ALT Digital and Marinating Films with itself gets NCLT sanction
MUMBAI: Balaji Telefilms has received the green light from the National Company Law Tribunal (NCLT), Mumbai, for its Composite Scheme of Arrangement that merges its wholly owned subsidiaries — Alt Digital Media Entertainment and Marinating Films — into the parent company. The appointed date for the merger has been set as 1 April 2024.
The scheme, sanctioned under sections 230–232 of the Companies Act, aims to simplify the group structure, slash redundancies, and boost operating efficiency across its content empire — from streaming platform ALTT to reality show production and IP development.
According to the tribunal’s order, the merged entity will benefit from economies of scale, unified cash flow management, and enhanced resource optimisation — all under the Balaji banner, which is already listed on NSE and BSE. No shares will be issued, given the transferor companies are fully owned by the transferee.
The consolidation brings together:
* Alt Digital, home to subscription-based OTT content under the ALTT brand;
* Marinating Films, known for unscripted and event IP;
* and Balaji Telefilms, India’s leading producer of Hindi and regional TV content.
The merger was approved by shareholders at an April 2025 meeting and has cleared all statutory hurdles, including SEBI, BSE, NSE and tax authorities. The company has also settled creditor objections and responded to pending GST disputes, with all liabilities transferring to Balaji Telefilms post-merger.
In short, Balaji is scripting a cleaner, leaner, and meaner future — bringing its IP under one tent to better play the platform and profit game. The final step? Filing the certified order with the Registrar of Companies, which will trigger the scheme’s effective date.
More drama, less duplication — just the way Ekta Kapoor likes it.
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.
