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Two of India’s biggest film studios have signed a silver-screen deal for about 10 billion rupees ($135 million), betting on a robust box-office recovery from a devastating Covid-19 wave as cinemas slowly reopen across the country.
Record label and Bollywood major T-Series, along with tycoon Anil Ambani’s Reliance Entertainment Ltd. have agreed to jointly develop more than 10 features, ranging from action thrillers, historic biopics, dramas and comedies over the next 36 months, the heads of both production houses said in an interview. Some of those are set for release as early as next year, they said.
The deal, one
