Guess Who – Corporate Giant’s Entertainment Business Too Might Suffer

Cineblitz has published a blind item about a corporate giant which is going through a rough patch & whose movie business arm too might suffer.

One might think that this blind item is about a billionaire who has now been reduced to being a millionaire. But this blind is actually about his brother – the richest Indian in the world. His company laid off several of their employees – it was a cost cutting measure. He has invested heavily in the telecom sector, which is going through a consolidation. But this textile to oil to retail conglomerate has nothing to worry.

The billionaire is close to members of showbiz. He is frequently seen hobnobbing with bollywood celebrities & we doubt whether they would like to disappoint them. People haven’t forgotten how he made celebs serve food to his guests at his daughter’s wedding. We lost respect for the megastar who was reduced to being a background dancer at the sangeet(typical bollywood celeb – lots of money but no class) It is rumored that his son, who was mocked for his obesity walks from his home in South Mumbai to a famous temple daily. This has led to him losing oodles of weight. A source informed us that among his three kids, it is the daughter who has the utmost potential

Blind Item

A mega Indian company which has investments in the corporate sector, as well as the Entertainment industry has now made a big move. While the company is known for its profitability, it seems to be making news for the wrong reasons this time around. According to reports, this company has laid off a large number (approximately 5,000), employees that include contractual and permanent workers. The reason behind the lay-off is said to be the company’s cost-cutting.

This may be a major setback for the employees working for the company for years. Now the question is that while this mega-company has made this move in the corporate sector, will it also affect their entertainment sector? The company owns a production studio and will the films under their banner be affected is a big concern for the rest of the industry.

Many of their films have been hits while few have done average at the box office. But will this cost-cutting also seep into the entertainment sector is a worry.

Our Guess

Studio: Jio Studios