Recently, prominent Kannada actor-producers like Rakshit Shetty and Rishabh Shetty expressed frustration over their inability to secure major OTT platforms for their Kannada content
CNN-News18 has exclusively accessed government communication revealing the rapid timeline of events, all transpiring within a mere 2.5 months. (PTI)
While presenting his 16th Budget on Friday, Karnataka Chief Minister Siddaramaiah announced that the cost of the tickets in all theatres of the state, including multiplexes, will be capped at Rs 200.
In his ₹4.095 lakh crore Budget for 2025-26, Siddaramaiah also announced an OTT platform to promote Kannada movies. The Karnataka Budget also allocated ₹51,034 crore for the five guarantee schemes promised by the Congress government in the state.
Recently, prominent Kannada actor-producers like Rakshit Shetty and Rishabh Shetty expressed frustration over their inability to secure major OTT platforms for their Kannada content. In response, Rakshit Shetty’s production company, Paramvah Studio, began streaming its Kannada web series Ekam on a custom platform in July 2024, after failing to find an OTT partner.
Additionally, the Chief Minister has allocated Rs 3 crore to create a repository of Kannada films, both digital and non-digital, to preserve movies that reflect the state’s social, historical, and cultural values.
In response to further industry demands, Siddaramaiah announced that the cinema sector would be granted industry status, enabling it to benefit from facilities provided under the Industrial Policy. He also revealed plans for the development of a multiplex movie theater complex on a 2.5-acre plot owned by the Karnataka Film Academy in Nandini Layout through a Public-Private Partnership (PPP).
Furthermore, to establish an international-level Film City in Mysuru with an investment of Rs 500 crore under the PPP model, 150 acres of land has been transferred to the Department of Information and Public Relations, Siddaramaiah confirmed.
