Showing posts with label Utpal Acharya. Show all posts
Showing posts with label Utpal Acharya. Show all posts

Film studios see M&A wave as Reliance picks up stake in Guneet Monga's Sikhya Entertainment


Javed Farooqui & Rajesh N Naidu (THE ECONOMIC TIMES; February 4, 2026)

Mergers and acquisitions (M&A) in the film studio business are expected to be a key theme in 2026, with Reliance Industries Limited (RIL) emerging as the latest player to scale up its presence by acquiring a majority stake in Sikhya Entertainment, the production house behind the Oscar-winning documentary film The Elephant Whisperers.

RIL, through its wholly owned subsidiary Reliance Strategic Business Ventures Limited, has acquired a 50.1% stake in Sikhya Entertainment for Rs 150 crore. The acquisition strengthens Jio Studios and deepens Reliance’s footprint in the media and entertainment space. RIL is also the majority owner of JioStar, India’s largest media and entertainment company.

As part of the partnership, Jio Studios will jointly own the intellectual property rights of future films and web series developed under the collaboration. Sikhya Entertainment is known for critically acclaimed films such as The Lunchbox, Masaan, Haraamkhor and Jugnu.

The transaction adds to a growing list of consolidation moves in the Indian film industry. Late last year, Universal Music Group acquired a 30% stake in Ritesh Sidhwani and Farhan Akhtar-promoted Excel Entertainment at an enterprise valuation of Rs 2,400 crore.

Earlier, RP-Sanjiv Goenka Group-owned Saregama invested Rs 325 crore in Sanjay Leela Bhansali’s Bhansali Productions. In 2024, Adar Poonawalla acquired a 50% stake in Karan Johar’s Dharma Productions, while in 2022, Nepean Capital bought a 50% stake in Maddock Films at an undisclosed valuation.

Industry experts say these deals reflect accelerating consolidation, as large corporations back proven creative studios to secure scale, talent and intellectual property. According to Sacnilk, total India gross box office collections in 2025 stood at Rs 13,415.21 crore across 1,572 films, while total India net collections were Rs 11,371.82 crore during the year.

“There has been a flurry of deals in this sector over the last year or so, with four transactions in the movie production space. This reflects heightened equity activity and highlights both the potential and growth opportunity within the industry,” said Nitin Menon, managing partner at NV Capital.

“Overall, these developments have strengthened sector sentiment and supported the broader growth of the film industry, while enhancing domestic and international recognition in terms of capital formation,” he added.

Anushree Rauta, equity partner and head of the media, entertainment and gaming practice at ANM Global, expects more such deals in the coming years. “Equity participation allows for deeper control over content strategy, rights exploitation and global monetisation. We are likely to see more studio, platform and music label-led strategic equity partnerships as companies move upstream to secure proven creative pipelines,” she said.

She added that such transactions require nuanced governance, particularly around multi-layered IP ownership, greenlighting authority, creative control and future exit rights. The acquisition of a majority stake also marks a shift from transaction-led content deals to long-term strategic ownership.

“A majority acquisition of this nature reflects a move towards long-term strategic ownership. For boutique production houses like Sikhya, the success of the partnership will hinge on preserving creative autonomy while leveraging institutional capital and distribution at scale.”

One of the clear advantages of this investment is that Jio Studios seals its presence across the spectrum of film-making—mainstream (big-budget, mid-budget) to indie films (passion projects of independent filmmakers made on shoe-string budgets). The studio has widely been associated with mainstream big-to-mid-budget films such as Dhurandhar, Stree, Mrs and Laapataa Ladies.

“Sikhya Entertainment is known for mid-sized indie films. So, one should look at the deal from that point of view. Jio Studios is already known for producing big-to-mid-budget films,” said Rahul Merchant, Partner, Mayavi Entertainment and a veteran who has been distributing indie films for more than twelve years in India.

Besides this, Jio Studios benefit from hard-earned experience of Guneet Monga and Achin Jain, founders of Sikhya Entertainment, in making strong in-roads into the global film distribution market.

“Both Guneet and Achin have in-depth understanding of the global markets. Therefore, this deal is likely to create path-breaking content which will travel across the diaspora audiences and get them more excited about Indian content,” added Merchant of Mayavi Entertainment

Concurring with this view, Utpal Acharya, chief executive officer of Content Engineers, said, “With Sikhya Entertainment’s creative strengths and Jio Studios’ scale, the partnership is well placed to contribute to meaningful growth in both cinema and series, rooted in India and aimed at global markets. I have personally witnessed Guneet’s journey in the Indian film space, and she truly deserves this.”

Urmila Matondkar's OTT debut is on track

URMILA’S
OTT DEBUT
IS ON TRACK

Producer Utpal Acharya sets the record straight on Urmila Matondkar’s OTT debut Tiwari, confirming a February 2026 release
Rohit Bhatnagar (HINDUSTAN TIMES; October 30, 2025)

Actor Urmila Matondkar, who announced her return to acting in 2022 with the OTT series Tiwari, is finally set to make her comeback early next year. Dismissing reports that the project has been shelved, producer Utpal Acharya confirmed that the revenge-thriller is in the final stages of post-production.

“Tiwari was shot in a start-to-end schedule in Bhopal, Madhya Pradesh, and reports suggesting delays are untrue. There were no creative differences with director Saurabh Varma. The series is currently in post-production, and we’re targeting a February 2026 release,” Utpal clarifies.

The show revolves around Kalki, a woman wrongfully imprisoned for 14 years who sets out to hunt down the person who framed her.

Utpal also reveals that the team has “almost finalized the OTT platform” but is waiting for an official announcement. “Initially, we had seven episodes of 50 minutes each, but the platform has restructured them into 14 episodes of 25 minutes each. Since it’s a revenge thriller, abrupt cuts weren’t possible, which caused some delay in post,” he explains. Tiwari will also reunite Urmila with her Satya co-star J D Chakravarthy after 27 years, alongside actors Gauahar Khan and Rajesh Sharma in pivotal roles.

Praising Urmila’s professionalism, he adds, “She was extremely dedicated, if her call time was 6 am, she’d be ready with hair and makeup by 5.30 am. She’s really excited about the release.”

Bollywood films with strong scripts seem to have finally found acceptance

Zeishan Quadri, the writer of Gangs Of Wasseypur (2012), earned the support of Anurag Kashyap-led Phantom Films
Now seems to be the best time for budding scriptwriters to make their mark in Bollywood. For, entrepreneurs and film studios are ready to nourish content-driven projects
Anirban Das (MID-DAY; October 18, 2015)

In Bollywood, stars have always taken centrestage, holding more importance than directors, producers, scriptwriters and sometimes, even the film. Many have slammed this ‘star system’, alleging that it relegates meaningful cinema to the background.

However, things are slowly changing and today, each is slowly earning their place in the sun. This is especially true for writers.

No longer just another name on the title card, they are being recognised as the backbone of new-generation films. So much so, that many greenhouses have come up with the sole purpose of nurturing scripts and script writers.

Utpal Acharya, former country head of a renowned production house, has now founded his own studio to give young writers a platform to sell and develop their scripts. Called Indian Film Studios, it aims not only at backing new writers, but also developing ideas into full- ledged scripts.

Says Acharya, “Several writers are not able to pitch their stories or scripts to the right production house. Many a time, they also find it difficult to sell their stories to a production house, which have a set formula to buy scripts. They do not know how to reach out to established producers. So, I came up with the idea of offering them a platform to help them develop their concepts into films.”

The studio started operations in November last year and receives four to five stories on a daily basis. “We will begin work on a film by the end of this year; two more will follow soon after. Our studio has tied up with a few investors who want to encourage content- driven cinema,” he adds.

Mass acceptance
Kunal Kapoor, who has been part of films like Rang De Basanti (2006), Don 2 (2011) and Luv Shuv Tey Chicken Khurana (2012) to name a few, has now initiated a process to encourage and support new-age film writers. He had started his company, Ketto, to work on social causes, but now he has spread its reach to include “creative causes” as well. He believes there is a huge talent pool as far as film writing goes. “I see a lot of potential in today’s writers who hail from diverse backgrounds. But, it becomes a challenge for them to find someone who will finance their project without laying down a clause. They still look for commercial viability. Ketto aims to discover good writers and help them get their films released,” says the lanky actor.

While it is still early days for a just-launched production house to back multiple projects, Kunal feels crowdfunding can become the key. “Today, a large section of moviegoers have easy access to social networking sites or digital platforms. We host our ideas online and those interested can provide funds,” he explains.

It seems established production houses are also realising the demand for original ideas. Zeishan Quadri, the writer of Gangs Of Wasseypur (2012), was lucky to have earned the support of Anurag Kashyap-led Phantom Films. After finding a toehold in tinseltown, Quadri tried his hand at direction. His debut directorial venture, Meeruthiya Gangsters released last month and garnered positive reviews. Says Quadri, “The industry is opening up for new writers. Number of films, which have fetched a good response by critics as well as the audience in the past few years, are script-driven. A new writer should not only reach the right producer, but also find a director who will do justice to the script. If a writer finds a good director, it becomes easier to get producers.”

Karan Anshuman, a film critic, who wrote and directed Bangistan for Farhan Akhtar and Ritesh Sidhwani’s production house. “Today, big production houses have understood that apart from star-driven films, those based on real concepts can also make an impact at the box office.”

Several big and small production houses are now scouting for new writers, says Utpal and adds: “Some of them are planning to create a separate division to promote new writers and ideas. Films sans stars also have a market now.”

Since there have been instances where writers were unhappy with their pay or denied due credit, what should budding writers watch out for while dealing with big-ticket studios?

Karan says, “They should be clear about the credit and money while pitching a script. A confident writer should not sell a script at a throwaway price. Also, in this industry, film studios never say no. One should not wait indefinitely for a studio to respond; they should approach other producers.”

Although, the industry seems to be opening up to new ideas and young talent, but it has a long way to go, feels renowned writer Anjum Rajabali. “Scripts have certainly become important. However, rarely have I seen a production house or studio being able to confirm a project merely on the merit of the script. They still look for commercial viability,” he rues.

The veteran writer mentions that a dialogue between producers and writers will take the industry to newer heights.

“Change will not take place by itself. It will happen when there is a dialogue between producers and writers, something that we are trying to encourage. We are trying to negotiate that writers get fair royalty and credit for their work. It will encourage good content and fair business,” Rajabali says.

Entertainment to have just a 1-week run in single screens thanks to Singham Returns?

Ajay’s move cuts Akki’s run
Vickey Lalwani (MUMBAI MIRROR; August 7, 2014)

Mirror has learnt that the Ajay Devgn cop drama, Singham Returns, which opens on August 15, has booked all the single screens across the country. Result: Akshay Kumar's bow-wow caper, Entertainment, which releases tomorrow, will have a limited, one-week run in the single screen theatres. But it will continue in the multiplexes, though the number of shows it gets in the second week will depend on the audience response.

When contacted, Utpal Acharya, whose company is presenting Singham Returns, confirmed the news, saying, "Yes, we have booked all the single screens for Singham Returns from August 15. But the agreement was finalised long back when we booked the theatres for Holiday - A Soldier Is Never Off Duty." A source close to the development told Mirror, "The condition put forward by the distribution company then was that if they wanted to screen Singham Returns they would have to take
Holiday - A Soldier Is Never Off Duty. It was a package deal to ensure a wider release and better business for both the films."

Not so long ago, there was a standoff between the two actors because Ajay's Action Jackson and Akshay's
Holiday - A Soldier Is Never Off Duty were both scheduled to flag off on June 6. Repeated attempts to break the deadlock failed, as none of the two parties were willing to push forward their films. However, to ensure that the Singham sequel kept its Independence Day deadline, Ajay delayed the shoot of Action Jackson and the release was rescheduled for November 7.

Jayantilal Gada, who is distributing Entertainment, wasn't unduly bothered by the recent development. He said rather nonchalantly, "I don't think we are in competition with Singham Returns. If the audience likes our film, we will reap the profits."