iWorld
Global South stories take spotlight as IN10 and Beacon join forces
MUMBAI: Content knows no borders and neither do these storytellers. In a bold cinematic handshake that spans continents, Movieverse Studios, IN10 Media Network’s content arm has inked a global alliance with UAE-based Beacon Media to turbocharge stories from the Global South for a global audience of over three billion. The goal? A borderless entertainment ecosystem powered by co-creation and cultural exchange from India to Latin America, Africa to the Middle East.
“Our vision is global storytelling without fences,” said Movieverse Studios CEO Vivek Krishnani who promised a slate that embraces Malayalam feature films, micro-series for Instagram Reels and Tiktok, and even adaptations of Deepak Chopra’s bestselling fiction. “The Global South is bursting with stories that deserve a global stage and we’re building that bridge.”
This isn’t just lip service. Among the first projects are a Malayalam-language feature and a wave of digital-first series aimed at next-gen viewers, alongside a premium slate of films and web shows under active development. With this, IN10 is aiming not just for reach but resonance.
Beacon Media, helmed by chairman Manoj Narender Madnani, dubbed the alliance “1+1=11 in action,”a nod to how collaboration between legacy platforms and new-age players can create outsized impact. “This isn’t about competing,” he said. “It’s about multiplying reach and cultural capital.”
The collaboration leverages deepening cultural and investment ties between India, Saudi Arabia and the UAE countries fast becoming central to the global entertainment and tech conversation. It also ropes in big industry names: Beacon’s Arabic production arm works with Fadi Ismail, the former MBC Group drama director, while acclaimed writer Manini Priyan has been appointed head of content for Beacon’s original programming.
“This is about future-proof storytelling,” said IN10 Media Network MD Aditya Pittie. “We’re blending Hollywood-grade scale with deeply rooted Indian storytelling. This is not just an alliance, it’s a movement.”
With content categories ranging from short-form social storytelling to high-budget features, and formats ready to travel across languages and regions, the IN10-Beacon alliance is poised to become a game-changer in reshaping the global entertainment map from the Global South to screens worldwide.
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Gaming
Bluestone FY26 revenue rises to Rs 2,436 crore, turns profitable
Q4 profit at Rs 31 crore, full-year profit at Rs 13 crore vs loss last year.
MUMBAI: From sparkle to numbers, Bluestone seems to be polishing more than just jewellery this year. Bluestone Jewellery and Lifestyle Limited reported a sharp turnaround in FY26, with revenue from operations rising to Rs 2,436 crore (Rs 24,364 million), up from Rs 1,770 crore (Rs 17,700 million) in FY25. The company posted a full-year profit of Rs 13 crore (Rs 131.79 million), a significant recovery from a loss of Rs 222 crore (Rs 2,218 million) a year ago.
Total income for the year stood at Rs 2,486 crore (Rs 24,860 million), compared to Rs 1,830 crore (Rs 18,300 million) in the previous year, reflecting both topline growth and improved operational momentum.
The March quarter, however, told a more nuanced story. Revenue from operations came in at Rs 681 crore (Rs 6,814 million), down from Rs 748 crore (Rs 7,486 million) in the year-ago period, though higher than Rs 461 crore (Rs 4,613 million) in the preceding December quarter. Net profit for Q4 stood at Rs 31 crore (Rs 311.81 million), compared to Rs 68 crore (Rs 688 million) a year earlier, but a clear reversal from a loss of Rs 51 crore (Rs 512 million) in Q3.
Margins were shaped by higher input costs, with raw material consumption rising to Rs 2,204 crore (Rs 22,043 million) for the full year, alongside employee benefit expenses of Rs 282 crore (Rs 2,824 million) and finance costs of Rs 210 crore (Rs 2,104 million). Other expenses came in at Rs 371 crore (Rs 3,715 million), slightly lower than Rs 393 crore (Rs 3,938 million) in FY25.
On the balance sheet front, total assets expanded to Rs 4,961 crore (Rs 49,610 million) as of March 31, 2026, from Rs 3,532 crore (Rs 35,322 million) a year earlier, driven largely by a surge in inventories to Rs 2,672 crore (Rs 26,718 million). Equity also strengthened to Rs 1,803 crore (Rs 18,030 million), nearly doubling from Rs 911 crore (Rs 9,107 million).
Cash flows reflected the cost of growth. Net cash used in operating activities stood at Rs 199 crore (Rs 1,990 million), while investing activities saw an outflow of Rs 239 crore (Rs 2,392 million). Financing activities, however, generated Rs 497 crore (Rs 4,971 million), helping the company end the year with cash and cash equivalents of Rs 108 crore (Rs 1,075 million), up from Rs 49 crore (Rs 487 million).
Earnings per share for FY26 came in at Rs 1.10, a sharp improvement from a negative Rs 79.74 in FY25, underlining the shift from losses to profitability.
With revenue scaling up, costs still glittering on the higher side, and profitability finally back in the black, BlueStone’s FY26 performance suggests a business mid-transition less about shine alone, and more about sustaining it.
