Panorama Studios International Ltd has formed a strategic distribution partnership with Cinépolis India for the Delhi & UP Circuit, aiming to maximize theatrical reach and create greater value for producers, exhibitors, and moviegoers. The collaboration leverages Cinépolis India's market reach and audience insights alongside Panorama Studios' distribution expertise. This alliance marks a significant step in strengthening the theatrical ecosystem by consolidating resources and industry relationships.

Under the terms of the partnership, films exclusively acquired or distributed by either Cinépolis India or Panorama Studios will be jointly distributed in the Delhi & UP Circuit. The collaboration began with the successful distribution of Dhamaal 4, featuring an ensemble cast including Ajay Devgn and Riteish Deshmukh, and the action-comedy Baby Do Die Do, starring Huma Qureshi and Chunky Panday. The partnership continues with the animated mythological film Mahaprabhu Jagannath, releasing on July 17, followed by the Hindi spiritual film Hanuman Ansh, inspired by the life of Shri Neeb Karori Baba, releasing on July 31, 2026.

Kumar Mangat Pathak, Chairman & Managing Director of Panorama Studios, emphasized the shared commitment to theatrical cinema, stating that the partnership consolidates strengths to unlock greater value for films and the exhibition ecosystem. Devang Sampat, Managing Director of Cinépolis India, highlighted the collaboration's potential to create a stronger distribution platform that benefits producers, exhibitors, and moviegoers. Murlidhar Chhatwani, CEO-Distribution & Syndication at Panorama Studios, described the move as a strategic step toward a more efficient and impactful distribution model.

The partnership lays the foundation for a broader, long-term collaboration, with both companies exploring opportunities to expand into additional distribution territories. By combining Cinépolis India's on-ground presence and understanding of regional preferences with Panorama Studios' execution capabilities, the alliance seeks to ensure wider reach and better outcomes for jointly distributed films.

Upcoming Releases Under Partnership

The strategic alliance reflects both companies' vision of strengthening theatrical distribution through collaboration and operational excellence. As the relationship evolves, the partnership aims to build a distribution network that consistently delivers value for all stakeholders in the film industry.

Panorama Studios International has executed a film distribution agreement with Shadow Fox Entertainment LLP for the exploitation of theatrical rights for the entire world, including the pan-India territory, for the cinematographic film titled 'Ranjheya'. The agreement, announced on July 6, 2026, covers the Punjabi-language film and marks a significant step in the company's strategy to secure comprehensive distribution arrangements for its slate.

Deal Overview

The key details of the announced distribution agreement are as follows:

Film Details and Strategic Partnership

The worldwide distribution agreement with Shadow Fox Entertainment LLP positions 'Ranjheya' for a broad international release. The film stars Hardy Sandhu, Simrat Kaur, and Angad Bedi, among others, and is written and directed by Gurjindh Maan. This collaboration underscores Panorama Studios International's focus on expanding its film distribution footprint across international markets. No further financial terms or specific release schedule details were disclosed in the regulatory filing submitted to the Bombay Stock Exchange.