The best Steven Spielberg films, chosen by directors, critics and super-fans: ‘pure popcorn perfection’

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From franchise hits to historical epics, joyous musicals to autobiographical family sagas: Steven Spielberg has done it all. As his latest sci-fi film Disclosure Day is released, film-makers, authors and Guardian critics reveal which of his movies means the most to them Steven Spielberg is often described as the inventor of the “event movie” – or as the creator of our new age of IP supremacy, in which the genre property is more important than any above-the-title film star. But that isn’t quite it. He came of age in the American new wave era but in spirit belonged neither to that nor fully to Hollywood’s golden age studio system that preceded it. In fact, he synthesised both into a directing style that was audacious and fluent. He availed himself of the subversiveness of the new wave, and yet was classically oriented, drawing upon his love of – and alienation from – the all-American suburb, making him the Edward Hopper or the Andrew Wyeth of the movies. Tellingly, it was François Truffa...
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What Reliance Industries Limited’s interest means for Dharma Productions – A look at the financial Ups and Downs at the production house

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Dharma Productions, one of India's leading film production houses, has caught the attention of Reliance Industries Limited, which is reportedly in talks to take a stake in the company. This possible acquisition comes at a time when Dharma Productions has experienced significant financial fluctuations over the past few years.

In FY 2021-22, the company faced a sharp decline in net profits, down by 59% to Rs. 11 crores. This drop was largely driven by high operational expenses, which reached Rs. 1,028 crores. Despite this, the company managed to generate Rs. 19 crores from distribution, Rs. 167 crores from the sale of digital rights, Rs. 34 crores from satellite rights, and Rs. 21 crores from music rights, making up a total revenue of Rs. 278 crores.

Fast forward to FY 2022-23, Dharma Productions saw a substantial recovery. Its revenues soared to Rs. 1,044 crores, driven by Rs. 656 crores from distribution rights, Rs. 140 crores from digital rights, Rs. 83 crores from satellite rights, and Rs. 75 crores from music rights. This strong performance led to a notable after-tax profit of Rs. 27.1 crores. Borrowings during this period amounted to Rs. 82 crores, slightly down from Rs. 92 crores in FY22.

However, in FY 2023-24, the company’s net profit dipped again to Rs. 10.70 crores, signaling ongoing volatility in its financial performance. With the company stabilizing revenue streams through the sale of digital, satellite, and music rights, a potential partnership with Reliance Industries Limited could be a strategic move to further capitalize on growth opportunities.

Reliance Industries Limited’s interest in acquiring a stake in Dharma Productions highlights the increasing value placed on content-driven businesses. Such an acquisition could pave the way for expanded distribution networks and diversified revenue streams, ultimately strengthening Dharma’s financial standing in the competitive entertainment industry.

Also Read: Mukesh Ambani eyes Karan Johar’s Dharma Productions: Will Reliance secure a stake in Bollywood’s top Studio?



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