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Viacom18 readies films push
Mint Mumbai
|September 11, 2023
Studio aims ₹1,000 cr annual revenue from various projects; to focus on high-budget, mid-scale productions
- ₹500 cr Viacom18 Studios' operating revenue declined in FY22
Encouraged by the successes of OMG 2, Rocky Aur Rani Ki Prem Kahaani and Drishyam 2, Viacom18 Studios, the film production and distribution arm of Viacom18 Media Pvt. Ltd, aims to achieve ₹1,000 crore in annual revenue from various projects, spanning theatrical, satellite, and digital platforms, Ajit Andhare, chief operating officer, Viacom18 Studios said.
The studio will focus on both high-budget and mid-scale productions for theatrical releases. while venturing into original web content through its separate arm, Tipping Point. Andhare said the studio will maintain its independence, even as sister concern, Jio Studios, launches its own projects.
This story is from the September 11, 2023 edition of Mint Mumbai.
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