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Awaiting price reaction for this filing.
Panorama Studios International has signed a Memorandum of Agreement with Super Cassettes Industries (T-Series) and Benaras Media Works to acquire exclusive theatrical distribution rights across PAN India for the upcoming Hindi film 'ASSI'. The film stars Taapsee Pannu, Revathi, and Kumud Misra, and is directed by Anubhav Sinha. This gives Panorama exclusive control over the film's theatrical release across India. Super Cassettes Industries (T-Series) is one of India's largest music and film production companies, adding significant credibility and scale to the deal.
Positive for the company as it secures theatrical rights to a high-profile film with marquee stars and a noted director, potentially boosting distribution revenue. However, box-office performance will determine actual earnings, so investors should watch for the film's release and initial audience response.