Film Production
Padmalaya Telefilms announces movie plans
MUMBAI: Padmalaya Telefilms Ltd (PTL) is swinging back into action, after the exit of Zee Telefilms as a stakeholder in its holding company Padmalaya Enterprises Pvt Ltd.
The company promises to roll out three Hindi and two Telugu movies. Padmalaya is all set to start the production of a mega movie with Sunny Deol as hero in the current financial year. The release is expected in the last quarter of the current financial year. Two more Hindi movies are on the cards with script, cast and schedules being finalised.
The company has informed BSE that the turnover is expected to be in the region of Rs 767.50 million in the current financial year (spanning film production, distribution, exhibition, TV software and animation activities). The Company hopes to substantially improve upon the turnover projections on the execution of 100 digital theatres project.
Zee recently reached a settlement with the promoters of Padmalaya companies, whom it had accused of misappropriation of shares.
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.
