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Awaiting price reaction for this filing.
Panorama Studios International has signed an exclusive theatrical distribution agreement with Phars Filmco Motion Pictures Trading and Distribution Co. LLC for the overseas rights of the Malayalam-language film 'Tiki Taka'. The film stars Asif Ali, K. Gafoor, Sanjana Natrajan and others, and is directed by Rohit VS. No financial details of the deal have been disclosed. Phars Filmco is a UAE-based entity, indicating the deal covers international territories outside India.
Adds a new international revenue stream through overseas theatrical rights of a regional language film, which could boost near-term revenue from this title, though the absence of deal value limits visibility on materiality for shareholders.