Hollywood's engagement with the Indian entertainment market is entering a new phase, described by industry insiders as a "second wave." Global studios such as Amazon MGM Studios, Warner Bros. Pictures, and Universal Studios are shifting their strategy from merely distributing films to actively co-producing and co-owning Indian-language projects. Amazon MGM Studios plans to release three to four Indian films theatrically annually starting in 2026, followed by Prime Video releases. Nikhil Madhok, head of originals at Prime Video India and Amazon MGM Studios, highlighted the importance of the theatrical window.
Warner Bros. Pictures is collaborating with Bhanushali Studios and JOAT Films on a five-film deal to adapt classic Warner titles for the Indian market, providing intellectual property and global distribution support. Universal Studios, part of Comcast, is reportedly considering an indoor theme park near Delhi and has held discussions with Excel Entertainment for potential partnerships.
This renewed focus is driven by India's robust market recovery, with box office collections reaching ₹9,409 crore as of September 2025, an 18% increase year-on-year. The country's 601 million OTT users, including 148 million paying subscribers, also present a lucrative dual revenue model for films through theatrical runs and digital licensing. Global studios see local productions as a way to generate intellectual property for music, merchandising, and worldwide streaming revenue.
Impact:
This trend is expected to significantly boost investment in India's media and entertainment sector, potentially leading to growth for Indian production companies and related industries. It also signals Hollywood's strategic effort to de-risk investments by partnering with local players and capitalizing on India's unique market dynamics and audience preferences.
Rating: 8/10
Difficult terms:
Intellectual Property (IP): Creations of the mind, such as stories, characters, music, or inventions, which grant exclusive rights to their creators.
Theatrical Window: The period of time during which a film is exclusively shown in cinemas before it becomes available on other platforms like streaming or home video.
OTT (Over-The-Top): Content delivered directly to viewers via the internet, bypassing traditional cable or satellite providers.
Co-ownership: Joint ownership of a property, asset, or intellectual property by two or more parties.
Franchises: A series of related creative works, like films or books, built around a central concept or characters, designed for sustained commercial success.