Jio Studio films achieved a Box Office Revenue of Rs 700 crore

Jio Studios, the media and content division of Mukesh Ambani’s Reliance Industries, reported a box office income of Rs 700 crore in its latest annual report. The company had an “action-packed year” in 2023-24, with 11 theatrical releases, 35 direct-to-digital releases, and 8 original web series in various languages and genres, marking the biggest output by any film studio for the year.

These were released across numerous platforms, including theaters, OTT services kike Jio Cinema, Amazon Prime Video, Disney+ Hotstar, as well broadcast networks such as colors and Star Network, the report added. 

"With eight consecutive hits, Jio Studios' films garnered a whopping Rs 700 crore at the box office - with every second film in Q4 FY2024 being a Jio Studios film," it said. 

Behind, Jio Studios also has an "extensive pipeline of theatrical spectacles", the report added.

"Additionally, our foray into Tamil, with projects such as Thangalaan starring Vikram, and into Bengali with releases such as Dawshom Awbotaar and Kabuliwala underscores our commitment to explore and embrace the vast potential of non-Hindi language markets," it added.

Reliance is India’s biggest media Conglomerate, surrounding Network18, Tv18, Viacom18, Jio Studios, and various other investments. 

"With a portfolio of 63 TV channels, OTT platforms, digital news and information platforms, Reliance connects with consumers across platforms with tailored content spanning entertainment, news, sports, movies, and live events," it said.  

Presently Reliance has 12.7 percent share in the TV Network market.

Jio Cinema, its OTT platform, has an average monthly reach of 225 million viewers.

Its collaboration with Disney "will not only help to capture the growth opportunities presented by India's rapidly growing media landscape but also to shape its evolution", it added.  

The JV with Disney will collaborate the businesses of Viacom18 and Star India to form “one of the largest Indian M&E companies”.

RIL will "invest Rs 11,500 crore into the JV for its growth plan," it said.