PANORAMA STUDIOS INTL. L

Operates in film production, distribution and exhibition, earning from a mix of theatrical distribution, non-theatrical rights syndication, in-flight entertainment rights, and co-production deals. On the theatrical side, it has signed overseas theatrical distribution deals with Cinépolis India for Hindi film Baby Do or Die, acquired worldwide theatrical rights for the Punjabi film Ranjheya, and entered a distribution partnership with Cinépolis India covering Delhi and UP circuit with films including Dhamaal 4, Baby Do Die Do, Mahaprabhu Jagannath and Hanuman Ansh. Through its subsidiary Panorama Studios Inflight LLP, it exclusively exploits airborne (in-flight entertainment) rights worldwide for a string of short and feature films. The non-theatrical business licenses streaming, television and digital rights, including a Letter of Intent with Sony Pictures Networks Entertainment for Sony LIV rights to the Malayalam film Unmadam and multiple syndication agreements for short films. Co-production activity includes a joint development deal with Funstreams Movies and Entertainment LLP for two Malayalam films starring Fahadh Faasil, and a Line Producer Agreement for Gujarati film Goldhaana. Materials and content costs dominate at 85.3% of FY26 revenue of 308.50 crore, against 3.1% employee costs, 3.7% other opex and 1.9% depreciation, with EBITDA margin of 10.80%.