Hindi
Reliance Mediaworks plans restructuring; Q2 net loss widens to Rs 1.2 bn
MUMBAI: Reliance MediaWorks (RMWL), Reliance Group’s film and entertainment services company is undergoing a business restructuring in order to better position the company to pursue strategic growth opportunities.
The board has approved the proposal to explore various options for restructuring the business, including creating of subsidiaries for Exhibition and Film and Media services divisions.
Anil Ambani-led Reliance Group (then Reliance ADAG) had bought the controlling stake in the company way back in 2005 (Adlabs). The facilities included a motion picture processing lab in Mumbai and 24 cinema screens located in Maharashtra.
RMWL CEO Anil Arjun said, “The company has witnessed a phenomenal growth in the scale of its operations in last 5 years. This strategic structuring initiative will enable us to effectively pursue the best business opportunities available to each operating unit independently, and also enable our Company to remain well-positioned and appropriately structured for sustainable, long-term growth.”
Meanwhile, RMWL has posted a consolidated net loss of Rs 1.20 billion in the quarter ended 30 September. In the corresponding quarter of the previous fiscal, the net loss was at Rs 447 million.
RMWL clarified that the jump in net loss is the result of the “investment and stabilisation of business verticals, resulting in increased interest and depreciation charge.”
Total income of the company fell by 4.78 per cent in the quarter to Rs 2.35 billion (from Rs 2.46 billion). However, expenses surged 16 per cent to Rs 2.92 billion (from Rs 2.52 billion).
The company suffered a loss of Rs 267.61 million from its theatrical exhibition business segment on a revenue of Rs 1.62 billion. RMWL deployed Rs 8.38 billion towards this segment.
From the Film production services segment, the company suffered a loss of Rs 205.71 million on a revenue of Rs 466.09 million.
The only segment which was profitable was the TV / Film production and distribution segment which posted a profit of Rs 100 million on an income of Rs 279.11 million.
Hindi
Jio Studios, Sanjay Dutt team up to revive Khal Nayak
Rights acquired for new version, format under wraps as remake plans take shape.
MUMBAI: The villain is back and this time, he’s rewriting his own script. Jio Studios has partnered with Three Dimension Motion Pictures and Aspect Entertainment to revive the 1993 cult classic Khal Nayak, marking a fresh chapter for one of Bollywood’s most iconic anti-hero stories. The original film, directed by Subhash Ghai under Mukta Arts, was a commercial and cultural milestone, with Sanjay Dutt’s portrayal of Ballu becoming one of Hindi cinema’s most memorable performances.
Dutt, along with Aksha Kamboj, has now acquired the rights from the original creators, bringing on board Jio Studios and its President Jyoti Deshpande to steer the project creatively.
While the exact format whether remake, sequel, prequel, or a completely new narrative remains undisclosed, the collaboration aims to reinterpret the story for contemporary audiences while retaining the essence that made the original a defining film of the 1990s.
The move taps into a broader industry trend of reviving legacy intellectual property, particularly characters with strong recall value. “Khal Nayak” was notable for pushing mainstream Hindi cinema into morally grey territory at a time when heroes were largely one-dimensional, making Ballu’s character a standout.
The project also marks the film production debut of Aspect Entertainment, signalling a push towards more technology-led storytelling frameworks. Meanwhile, Jio Studios continues to expand its slate, having built a library of over 200 films and series, with more than 60 titles collectively winning 500-plus awards.
For Dutt, the revival is as much personal as it is strategic, a return to a role that reshaped his career. For the industry, it is another sign that nostalgia, when paired with scale, remains a powerful box-office proposition.
Because in Bollywood, some villains never fade, they just wait for the perfect comeback.
