Mukesh Ambani is one of the most beloved personalities of the Malayalees. He is known as the moneylender of the poor. Because there was a time when Indians had to pay 250 rupees for a Jeep. That was when his Reliance Jio entered the scene. He gave the data for free.
He provided data for free for about 8 months. This is how his Jio became the largest network in the world. Today he provides data for just 5 to 8 rupees. This is the lowest rate in the world. His Jio enabled Indians to do this. Now, reports suggest that a similar revolution may come in the film industry as well.
His production company is Reliance Industries Limited. There are reports that this company may invest in Karan Johar’s Dharma Productions. There are reports that Ambani is going to buy a large share of Dharma Productions. This report is by Economic Times. If the talks go through, Reliance will have a bigger impact on the Indian film industry than Jio Studios and Viacom 18.
Karan Johar owns 90% stake in Dharma Productions. 9.2% is held by his mother. At the same time, Bollywood is going through major challenges with rising production costs of films, declining theatrical revenues and growing popularity of online content. This is what prompts Bollywood production companies to make new investments, reports the Economic Times. At the same time, Indians are hoping that there will be a big drop in ticket prices if Jio is coming to the cinema sector as well.
