Reliance Strategic Enterprise Ventures Restricted has acquired a 50.1% stake in Sikhya Leisure, the Indian manufacturing home behind Academy Award-winning documentaries “Interval. Finish of Sentence.” and “The Elephant Whisperers.”
The deal unites Jio Studios, India’s largest movie studio and the media arm of billionaire Mukesh Ambani’s Reliance Industries Restricted, with the corporate co-founded by producers Guneet Monga Kapoor and Achin Jain. The partnership goals to develop movies and sequence for loval and worldwide audiences, combining Jio Studios’ distribution attain with Sikhya’s monitor document in globally resonant storytelling. Reliance Strategic Enterprise Ventures Restricted is a completely owned subsidiary of Reliance Industries Restricted.
Sikhya Leisure stands as the one Indian manufacturing home to have gained each an Academy Award and a number of Indian Nationwide Movie Awards. Past its Oscar victories for documentary shorts, the corporate’s Indian Nationwide Movie Award-winning slate contains “Masaan,” “Soorarai Pottru” and “Kathal.” Its multilingual portfolio additionally options “The Lunchbox,” “Pagglait” and “Kill.”
Jio Studios has produced greater than 150 movies and sequence throughout Hindi and different Indian languages. The studio’s latest slate contains the “Stree” franchise and “Laapataa Women,” India’s official submission for the worldwide characteristic Oscar. The studio’s “Dhurandhar,” starring Ranveer Singh, has change into the highest-grossing Hindi-language movie of all time in India.
“Sikhya Leisure has persistently delivered tales which can be deeply Indian but resonate globally. This affiliation displays our long-term perception in partnering with creators who mix inventive excellence with cultural authenticity,” stated Jyoti Deshpande, president of Jio Studios. “During the last seven years, Jio Studios has constructed a robust monitor document of manufacturing and championing a few of the most profitable field workplace winners and critically acclaimed movies alike, from the newest phenomenon ‘Dhurandhar’ to ‘Stree 2’ and ‘Laapataa Women’ which went all the way in which to the Oscars. I’ve recognized Guneet for a really very long time and actually admire her hearth and tenacity. We’re delighted to accomplice with Guneet, Achin and the Sikhya Leisure crew and by combining their distinctive storytelling legacy with Jio Studios’ scale, distribution, inventive prowess and international ambition, we intention to present Indian tales the platform and pathways to achieve audiences all over the world.”
Monga Kapoor and Jain stated they’ve “all the time believed that tales have the ability to attach individuals throughout cultures, geographies, and languages.”
“On the coronary heart of Sikhya’s work is a deep perception in storytelling and within the individuals who deliver these tales to life,” they stated in a joint assertion. “Over the previous decade, we now have collaborated with daring new administrators, writers, actors, and distinctive inventive groups who proceed to push the boundaries of impartial cinema with honesty and ambition. For impartial producers like us, pushed by desires and the audacity to show these concepts into actuality, this journey has been deeply rewarding.”
The producers stated partnering with Jio Studios “permits us to take these tales to audiences all over the world, whereas empowering us to champion rising expertise from throughout the nation, the place tales exist in each material and each thread.”
“Jyoti Deshpande’s dedication to innovation and her intuition for daring concepts and artistic danger make this partnership particularly thrilling,” they added. “Collectively, we have a good time a rising India, assured in its voice, unapologetic in its tales, and able to form the subsequent chapter of cinema.”
