Mukesh Ambani's Jio Studios to release one movie every week under 'First Day First Show'
Reliance Jio is waiting to get a critical mass of 10-15 films and 20 million broadband connected homes to begin 'First Day First Show' service
- Sep 20, 2019,
- Updated Sep 20, 2019 6:21 PM IST
Billionaire Mukesh Ambani plans to shake up the Indian movie and entertainment industry with an idea of releasing 'one movie a week' through JioFiber network, under the 'First Day First Show' offering. Jio Studios, which is in the business of content generation for Reliance Jio's broadband and mobility platforms, aims to produce and release 52 movies in a year. They plan to achieve such scale within two to three years.
"We want to line up at least 52 movies to release in a year. There will be three sources-develop own script and produce the movie, co-produce with other production houses and acquire movies from third parties. We want to produce movies in 6 to 11 languages," Jyoti Deshpande, President, Chairman's Office, Media and Entertainment Business, Reliance Industries (RIL) told Business Today. Besides movies, Jio Studios is in the business of production of web series, music and other long and short form of content across 11 languages.
Billionaire Mukesh Ambani plans to shake up the Indian movie and entertainment industry with an idea of releasing 'one movie a week' through JioFiber network, under the 'First Day First Show' offering. Jio Studios, which is in the business of content generation for Reliance Jio's broadband and mobility platforms, aims to produce and release 52 movies in a year. They plan to achieve such scale within two to three years.
"We want to line up at least 52 movies to release in a year. There will be three sources-develop own script and produce the movie, co-produce with other production houses and acquire movies from third parties. We want to produce movies in 6 to 11 languages," Jyoti Deshpande, President, Chairman's Office, Media and Entertainment Business, Reliance Industries (RIL) told Business Today. Besides movies, Jio Studios is in the business of production of web series, music and other long and short form of content across 11 languages.