T-Series, Reliance Entertainment join hands to produce films; investment pegged at Rs 1,000cr

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Mumbai, Sep 13 | In one of the Indian film industry’s biggest collaborations, T-Series and Reliance Entertainment have joined hands to produce more than 10 films together across varied genres, including big-budget tentpoles as well as mid- and small-budget content-rich films.

This giant collaboration that brings two major production houses together with an investment of approximately Rs 1,000 crore will bring forth films ranging across different genres, production scales, talent and music.

Bhushan Kumar’s T-Series and Reliance Entertainment have worked together on the music marketing front for more than 100 films. Now for the first time both studios will collaborate to produce a slew of films, marking the start of a larger long-term relationship for content creation between the two organisations.

The extensive line-up of films is in various stages of development. Bejewelled with three big-budget blockbusters, the lineup also features films headlined by some of the country’s most revered on-screen and off-screen talents. Others in the pipeline are Hindi remakes of Tamil blockbuster action thrillers, a mega historical biopic, an espionage thriller, a courtroom drama, a satirical comedy, a romance drama and a film based on shocking true events.

T-Series is the largest music record label in India and one of the top successful film production companies. Reliance Entertainment is a leading media and entertainment company in the country with more than 300 commercially and critically acclaimed movies in its portfolio.

In recent years Reliance Entertainment has produced several hits under its partnerships with Rohit Shetty, Imtiaz Ali, Neeraj Pandey, Vikas Bahl, Vikramaditya Motwane, Anurag Kashyap, Ribhu Dasgupta and S. Sashikant.

The new slate of film will be produced in the next 24 to 36 months under the aegis of some of these partnerships and with other promising filmmakers such as Pushkar and Gayatri, Vikramjit Singh, Mangesh Hadawale, Srijit Mukherji and Sankalp Reddy. At least four to five films will have a big-screen release worldwide, starting next year (2022).

Bhushan Kumar, Chairman and Managing Director, T-Series, said, “After working on music marketing together, this collaboration has happened at the right time and this will just strengthen our ties. We hope to give our Hindi film audiences new and unconventional films.”

Shibasish Sarkar, Group CEO, Reliance Entertainment, added, “I really look forward to our partnership with T-Series. This partnership with Bhushan will surely mark the beginning of a great feat in the Indian film industry as we move on to offer a bouquet of path-breaking and momentous films to our audience.”

Source: IANS

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Share Market Closing Bell: Nifty ends below 16,100, Sensex falls 303 pts

Share Market Closing Bell: Nifty ends below 16,100, Sensex falls 303 pts

Dalal Street found no relief with incessant sell off during the month. Nifty traded on a bearish note and ended at 16025.80 with loss of 99.35 points or 0.62 percent following weak global cues on Wednesday. While Banknifty closed at 34339.50 on the higher side with marginal gain of 49.35 points.

bhaskarlive market closing

The weakness in US stocks is playing out globally with signs of higher inflation, which has spoiled investors’ appetite for the Indian market as well. Rising India VIX to 25.28 has led Indices to big intraday swings on both sides. Sectorally maximum sectors closed on the negative side as Nifty IT and Nifty Media sheds more than 3 percent each. While Nifty Financial Services ended on a positive side gaining 0.68 percent.

In nifty stocks, NTPC, HDFCLIFE, SBILIFE were the top gainers while ASIANPAINT, ADANIPORT and TECHM were the prime laggards. Coming to the OI Data, on the call side highest OI witnessed at 16200 followed by 16300 strike price while on the put side, the highest OI was at 15800 strike price. Technically, Nifty has formed three black crow patterns in the daily chart suggesting bearishness would remain intact. We expect a rise in volatility as well on monthly expiry day.

Riding against the trend may not be beneficial for short term traders. All major moving averages are lying above 16300 levels. Indicators such as MACD and RSI are still struggling to overcome the oversold zone in the daily time frame. Overall, Nifty is having support at 15800 mark while on the upside 16300 may act as an immediate resistance for monthly expiry. While Banknifty has support around 33500 while resistance is placed at 35200 on the daily chart.

Om Mehra
Research Associate
Choice Broking

Source: Choice India

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