The deal was done through a combination of primary and secondary transactions, the company said.
This acquisition enables Jio Studios, the media and content arm of RIL, to further consolidate its position in the media and entertainment sector, it added.
The collaboration of Jio Studios with Sikhya to co-create films and series for audiences in India and worldwide, brings together Jio Studios’ scale, reach, focus on building enduring intellectual property, nurturing creator-led ecosystems and long-term vision with Sikhya proven track record of globally resonant, culturally rooted storytelling, the company said.
Sikhya , the Indian production has won Academy Award for Period. End of Sentence. (Best Documentary Short Subject) and The Elephant Whisperers (Best Document). Its National Film Award – winning films include Masaan, (Hindi), Soorarai Pottru (Tamil) and Kathal (Hindi).
Jio Studios has produced movies such as the highest grossing Indian film Dhurandhar, Laapataa Ladies, and the Stree franchise, among others.
“We are delighted to partner with Guneet, Achin and the Sikhya Entertainment team and by combining their distinctive storytelling legacy with Jio Studios’ scale, distribution, creative prowess and global ambition, we aim to give Indian stories the platform and pathways to reach audiences around the world,” Jyoti Deshpande, President – Jio Studios (Media & Content Business, RIL), said
“For independent producers like us, driven by dreams and the audacity to turn those ideas into reality, this journey has been deeply rewarding. Partnering with Jio Studios allows us to take these stories to audiences around the world, while empowering us to champion emerging talent from across the country, where stories exist in every fabric and every thread,” Guneet Monga Kapoor and Achin Jain, Sikhya Entertainment, said.
