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Panorama Studios International Ltd has renamed its subsidiary LLP from 'Panorama Studios Distribution LLP' to 'Panorama Studios Inflight LLP', reflecting a strategic shift from general film distribution to the inflight entertainment (IFE) sector. The subsidiary will now focus on providing curated digital content, films, short-format content, and OTT-style entertainment to domestic and international airlines. The company also increased its partnership interest in the LLP from 51% to 60%, strengthening its control and commitment to this new business vertical. The move targets the high-growth global IFE market, leveraging the company's existing content production and distribution expertise.
For shareholders, this represents a strategic pivot into a new high-growth revenue stream beyond traditional film distribution, with the increased stake (51% to 60%) signalling management's confidence in the IFE opportunity. The diversification into aviation-based content could open new monetization avenues, though near-term stock impact will depend on execution and airline partnerships materializing.