Panorama Studios International Limited announced a significant deal in the entertainment sector, expanding its reach in the regional film market. The company's subsidiary, Panorama Studios Inflight LLP, has inked an exclusive worldwide airborne rights agreement for two Gujarati language films.

Deal Highlights

• Films Acquired: 'Chor Chor' and 'Mara Pappa Superhero'
• Rights: Exclusive worldwide airborne rights
• Territory: Entire world, including India
• Partner: Motion Mingle LLP

Strategic Expansion

This strategic move by Panorama Studios International Limited showcases the company's commitment to diversifying its content portfolio and tapping into the growing regional film market. The acquisition of airborne rights for Gujarati films indicates a focus on catering to diverse linguistic audiences, particularly in in-flight entertainment.

Corporate Disclosure

The company made the announcement in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Yatin Chaphekar, Company Secretary of Panorama Studios International Limited, officially communicated this development to the Bombay Stock Exchange.

Market Implications

This deal could potentially enhance Panorama Studios' position in the in-flight entertainment sector, offering exclusive Gujarati content to airlines and potentially opening up new revenue streams. It also demonstrates the company's strategy to leverage its subsidiary for specialized content distribution channels.

The move into regional language films, particularly for airborne rights, might signal a broader trend in the entertainment industry towards more diverse and targeted content offerings in various distribution formats.

Investors and industry observers will likely watch closely to see how this agreement impacts Panorama Studios International's market position and financial performance in the coming quarters.

Panorama Studios International Limited has made a significant move in the film distribution sector by acquiring the worldwide theatrical rights for the Punjabi-language feature film 'Lut Mubarak'. This strategic acquisition marks an expansion of Panorama's footprint in the regional film market and strengthens its position in global theatrical distribution.

Acquisition Details

The company has executed a Memorandum of Understanding (MoU) with Gur Fateh Film Studio, granting Panorama Studios the license for worldwide theatrical distribution rights of 'Lut Mubarak'. This agreement allows Panorama to distribute the film across global theatrical markets, potentially opening up new revenue streams and audience bases for the company.

About 'Lut Mubarak'

'Lut Mubarak' is an original Punjabi-language feature film directed by Amrit Raaj Chadhhaa. The movie boasts a star-studded cast including:

• Harish Verma
• Kanika Mann
• Hardip Gill
• Sukhwinder Chahal
• Sumit Gulati
• Ashok Pathak

The inclusion of popular Punjabi actors suggests that the film has the potential to attract a wide audience, both domestically and in international markets with significant Punjabi-speaking populations.

Strategic Implications

This acquisition aligns with Panorama Studios' strategy to diversify its content portfolio and expand its reach in the regional film industry. By securing the worldwide theatrical rights for 'Lut Mubarak', Panorama is poised to tap into the growing market for Punjabi cinema, which has been gaining popularity not only in India but also in countries with large Punjabi diaspora communities.

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Panorama Studios International Limited has duly informed the Bombay Stock Exchange about this development. The company's prompt disclosure underscores its commitment to transparency and adherence to regulatory standards.

Conclusion

The acquisition of 'Lut Mubarak's worldwide theatrical rights represents a strategic move for Panorama Studios International Limited. As the company continues to expand its distribution portfolio, investors and industry observers will be keen to see how this acquisition contributes to Panorama's growth and market position in the competitive film distribution landscape.