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Awaiting price reaction for this filing.
Panorama Studios Inflight LLP, a subsidiary of Panorama Studios International Limited, has signed an Assignment Agreement with Merry Go Round Studios LLP. The deal gives Merry Go Round exclusive worldwide Airborne (in-flight entertainment) Rights for the upcoming film 'Heer Express', directed by Umesh Shukla and starring Divita Juneja, Prit Kamani, Ashutosh Rana, Sanjay Mishra, and Gulshan Grover. The disclosure is filed under SEBI Listing Regulations. No financial value, deal size, or revenue impact has been disclosed in the filing.
This is a routine subsidiary-level licensing deal for in-flight entertainment rights of a single film. Without any disclosed deal value, the impact on the company's overall revenue or stock price is likely to be negligible.