11/05/2025
Prime Focus, a leading Mumbai-based entertainment company, has entered into a memorandum of understanding (MoU) with the Maharashtra government to invest ₹3,000 crore (approximately $400 million USD) in developing a 200-acre world-class film city in Mumbai. Announced at the World Audio Visual Entertainment Summit (WAVES) 2025, this ambitious project aims to establish a global entertainment ecosystem, integrating cutting-edge production studios, live entertainment venues, theme parks, and lifestyle experiences.
The initiative is designed to position Mumbai as a global media capital, honoring the 100-year legacy of Indian cinema while driving innovation in storytelling, technology, and culture.
The project will be executed in phases, with a real estate private equity firm committing ₹500 crore for the first phase, set to begin by 2027, and ₹1,500 crore for the second phase, targeted for completion by 2030. The Maharashtra government will provide 200 acres of land in Mumbai, with two or three potential sites currently under consideration, though the exact location remains undisclosed.
The film city will incorporate Prime Focus Group’s ventures, including DNEG (an Oscar-winning visual effects studio), BRAHMA (AI-driven content technology), and Prime Focus Studios (content production), creating a hub for advanced filmmaking and entertainment.
Economically, the project is expected to generate up to 2,500 direct and indirect jobs, boost tourism, and contribute to Maharashtra’s growth as a media and entertainment powerhouse. Chief Minister Devendra Fadnavis highlighted its significance alongside other state initiatives, such as educational hubs and infrastructure developments. The film city will offer state-of-the-art facilities for filmmakers, immersive experiences for visitors, and a platform for global collaborations, reinforcing India’s position in the international entertainment industry.
During the WAVES 2025 event, additional announcements included the National Stock Exchange (NSE) launching the ‘NSE Waves Index,’ comprising 43 media and entertainment stocks, and international universities (York University and University of Western Australia) revealing plans to establish campuses in Maharashtra. These developments underscore the state’s focus on fostering innovation, education, and economic growth.
This landmark project is poised to transform Mumbai’s entertainment landscape, blending tradition with futuristic technology to create a vibrant, globally competitive media ecosystem.
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