Film Production
Panorama reels in big sales but profits take a box-office hit
MUMBAI: It was a quarter of high-grossing sales but low-margin drama for Panorama Studios International Limited, as its Q1 FY26 results revealed a tale of two halves blockbuster revenue gains paired with fading profit lines. Net sales for the June quarter hit Rs 136.35 crore, soaring 49.8 per cent above the average of the past four quarters, signalling a strong near-term script for revenue generation. The box-office-style growth points to robust demand and successful monetisation across projects.
But the profit subplot wasn’t as cheery. Profit Before Tax (PBT) slumped to Rs 3.24 crore, a steep 73.7 per cent fall from recent averages, while Profit After Tax (PAT) slipped to Rs 5.11 crore, marking a 51.2 per cent drop. Rising borrowing costs also made a cameo, with the company logging its highest interest expense in five quarters.
Off-screen, the Debtors Turnover Ratio hit its lowest point in recent periods, hinting at a slower pace in receivables collection, an area that could affect cash flow if the credits keep rolling in late.
The board meeting on 7 August 2025 didn’t just sign off on numbers, it added a governance twist. M/s Nitesh Chaudhary & Associates were appointed as Secretarial Auditor for FY26–FY30 (subject to AGM approval), and the studio unveiled a refreshed contact identity with a new email (info@panoramastudios.in) and website (www.panorama studios.in).
With sales running hot but profits cooling, Panorama’s next act may hinge on whether it can keep the audience in their seats while tightening the back-office plot.
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.
