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Awaiting price reaction for this filing.
Panorama Studios International Ltd has signed a Memorandum of Understanding with Gur Fateh Film Studio to acquire the worldwide theatrical distribution rights for the Punjabi-language feature film 'Lut Mubarak'. The film is directed by Amrit Raaj Chadhhaa and features actors including Harish Verma, Kanika Mann, Hardip Gill, and Sukhwinder Chahal. The company has not disclosed the financial value of the deal or expected box office projections. This is part of Panorama's ongoing effort to expand its content distribution portfolio beyond Hindi films.
This acquisition adds a new Punjabi title to Panorama's distribution slate, which could help the company tap the Punjabi film market and overseas Punjabi diaspora audience. However, no deal size or revenue expectations were shared, so the financial impact on the stock remains unclear.