Hindi
Reliance MediaWorks Q3 net loss widens to Rs 1.5 bn
MUMBAI: Reliance MediaWorks (RMWL) has posted a consolidated net loss of Rs 1.51 billion for the third quarter of the fiscal, compared to a net loss of Rs 570.44 million the company had posted in the earlier year.
The company’s total income skid 12.88 per cent to Rs 2.11 billion compared to Rs 2.42 billion a year ago even as expenditure rose 11.13 per cent to Rs 2.89 billion from Rs 2.60 billion.
Revenue from company’s theatrical exhibition segment, Big Cinemas, declined to Rs 1.48 billion from to Rs 1.72 billion, representing a decline of Rs 240 million from the trailing quarter.
The company posted a revenue of Rs 534.38 million from the Film Production Services segment, as compared to Rs 598.3 million it had posted in the year-ago period.
RMWL clarified that the animation business is no longer part of the film production services, pursuant to restructuring that came into effect October last year.
Loss from film production services further increased to Rs 85.23 million compared to Rs 21.94 million in the prior year. The company deployed Rs 7.08 billion in the production services segment.
The theatrical exhibition business revenue stood at Rs 1.48 billion in the quarter under review (from Rs 1.72 bn in the year ago period). The loss from the segment was at Rs 510.38 million, as against a loss of Rs 56.96 million in the corresponding period of the previous fiscal.
The company deployed Rs 8.05 billion on the segment as of 31 December. Meanwhile, the television/film production and distribution vertical saw a huge dip in revenue from Rs 235.2 million in Q3 FY’11 to Rs 128.84 million in the current quarter.
Operating profit from the segment stood at Rs 17.94 million, down from Rs 43.63 million in the year-ago period.
The company has informed that its exhibition business achieved cash break-even during the quarter. It is also in the process of in the process of transferring its cinema exhibition and film and media services into separate wholly owned subsidiaries.
“With commencement of large commissioned orders, creative restoration and media services showed a sharp upswing at Rs 260 million and cash break-even in third quarter as compared to cash operating loss of Rs 100 million in trailing quarter,” it said.
Hindi
Jio Studios unveils AI-powered Krishna teaser at NAB Show 2026
Global first look of Krishna uses Galleri5 AI pipeline on Azure, Historyverse slate as Jio’s Dhurandhar crosses Rs 3,000cr worldwide.
MUMBAI: Krishna has just dropped a divine teaser and this time the gods are powered by silicon, not just scripture. Jio Studios and Collective Studios’ Historyverse stole the spotlight at the NAB Show 2026 in Las Vegas with the world’s first teaser for their upcoming theatrical feature Krishna, directed by Manu Anand. The big reveal happened during Microsoft’s keynote “Powering Intelligent Media, From AI Experimentation to Real-World Impact,” where the film’s AI-native production pipeline took centre stage alongside Collective Artists Network’s in-house platform, Galleri5.
At the heart of this mythological spectacle lies a fresh cinematic workflow built by Galleri5 on Microsoft Azure’s advanced AI and cloud infrastructure. Forget bolting AI onto traditional VFX or animation, this is an end-to-end, production-grade system woven into every layer: world-building, character creation, shot design and final output. Yet the storytelling remains firmly director-led, emphasising emotional depth, stillness, music and performance rather than pure spectacle. The result? Large-format theatrical cinema rooted in Indian history and culture, but conceived in ways that were simply not possible before.
Collective Artists Network runs Galleri5 natively on Azure, leveraging Microsoft Foundry and cutting-edge AI tools to handle film, episodic and advertising workflows in a secure enterprise environment. Microsoft highlighted Collective as a “Frontier” organisation successfully moving AI from pilot projects to real production-scale deployment in cinema. The technology is also on display at Microsoft’s NAB booth in the West Hall (Booth W1731).
Jio Studios (Media & Content Business, Reliance Industries), president Jyoti Deshpande said the project advances the studio’s mission to take Indian stories global with scale, ambition and authenticity, “With Krishna, we are embracing cutting-edge AI-led filmmaking while democratising these tools to make them more accessible, intuitive and cost-effective for storytellers everywhere.”
Collective Artists Network founder & group CEO Vijay Subramaniam added, “We’re using technology developed in India to carry our culture and history to audiences worldwide at a scale never seen before.”
Microsoft, vice president for telco media & entertainment, gaming Silvia Candiani noted that the media industry has reached an inflection point, “AI is no longer about experimentation but delivering real impact at production scale… By building AI-native creative systems on Microsoft Azure, Collective exemplifies how storytellers can unlock new formats, move faster and realise a true return on intelligence while keeping human creativity at the centre.”
Krishna forms part of Historyverse, Collective Studios’ ambitious slate of history and culture-driven IPs. The slate draws from iconic figures and traditions that shaped the Indian subcontinent, including stories inspired by Kali, Karna and Durga. It builds on the already-released Mahabharat: Ek Dharmayudh series, showing how ancient narratives can be reimagined for modern screens.
Jio Studios, India’s leading content studio and the media and content arm of Reliance Industries, continues its blockbuster run. The studio’s Dhurandhar franchise led by Dhurandhar and Dhurandhar: The Revenge has become the first Indian film series to cross Rs 3,000 crore worldwide. It also delivered three consecutive years of India’s highest-grossing Hindi films: Stree 2 (2024), Dhurandhar (2025) and Dhurandhar: The Revenge (2026). In just eight years, Jio Studios has assembled a library of over 160 films and series, with more than 60 titles winning over 500 awards. Other notable successes include Laapataa Ladies (India’s official Oscar entry 2025), Stree, Article 370, Shaitaan and Mrs.
The NAB unveiling marks another step in Jio Studios and Collective’s push to blend Indian storytelling talent with frontier technology proving that the future of cinema may well be both ancient in spirit and thoroughly modern in execution. For audiences who love epic tales with a fresh twist, Krishna promises to deliver divine drama, this time with a little help from the cloud.
