Inspire Films Rally 9% On Contract Win With A Global OTT Platform

Inspire Films Ltd today announced the exchange about entering into a contract with a global OTT platform. The company said, "We would like to inform you that our company, Inspire Films Limited, has entered a significant contract with a global Over-The-Top (OTT) platform for the production of a web series based on a popular novel".
As per the exchange filing genre of the web series is romance drama and the source material is a bestselling book authored by a leading novelist. This will be a 20-episode series.

They also informed, "The series is currently in the development stage, and scheduled to go on floor in the first quarter of the fiscal year 2024-25. We believe that this project holds significant potential and aligns with our company's strategic objectives. The adaptation of a bestselling novel into a web series aims to cater to a wide audience base and enhance our company's presence in the digital entertainment space".

Inspire Films Limited, launched its IPO comprising 35,98,000 shares at a price of Rs 59 per share, with a face value of Rs 10 each, amounting to a total of Rs 21.22 crores on September 25th to 27th. The shares get listed on the NSE Emerge platform on the 9th of October 2023. Narnolia Financial Services Limited was the book-running lead manager.

Founded in 2012 by media veteran Yash Patnaik under his banner Beyond Dreams Entertainment Private Limited, Inspire FIlms has a rich history of producing top-notch content that has left a lasting impact on audiences across India. With an impressive portfolio of over 6,000 hours of content, including 35 original productions, Inspire Films has firmly established itself as a leading player in the world of Indian OTT platforms and broadcasters.