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Allu Arjun teams up with Lokesh Kanagaraj for high-profile AA23

Music composed by Anirudh Ravichandran

Lokesh Kanagaraj.

Produced by Mythri Movie Makers in association with BV Works

X/ ponilemova

Highlights

  • Allu Arjun to star in a new project with director Lokesh Kanagaraj.
  • Produced by Mythri Movie Makers in association with BV Works.
  • Music composed by Anirudh Ravichandran.
  • Filming scheduled to begin in August 2026.

Big announcement for fans

Allu Arjun and Lokesh Kanagaraj are set to collaborate on a new film, officially announced on Wednesday. The project, tentatively titled AA23, is being produced by Mythri Movie Makers in partnership with BV Works.

The announcement came via a specially crafted video shared on social media, offering a first glimpse of the film’s visual style and tone. While plot details remain undisclosed, the video hints at a large-scale commercial entertainer with a strong emphasis on visuals and music.


Creative team and production

The film sees Allu Arjun returning to Mythri Movie Makers following the success of the Pushpa franchise. Lokesh Kanagaraj, known for films such as Kaithi, Vikram, and Coolie, is directing for the first time with Arjun.

Music for the project will be composed by Anirudh Ravichandran, while the producers include Naveen Yerneni, Ravi Shankar, and co-producers Bunny Vas, Nutty, Sandy, and Swathi.

The announcement video has generated buzz online, with fans praising the film’s anticipated scale, music, and visual style.

Filming and anticipation

The makers have confirmed that filming is scheduled to start in August 2026. Details on the full cast and storyline are yet to be revealed.

With a high-profile director, leading actor, and strong production backing, AA23 is already one of the most anticipated projects in Indian cinema, drawing attention from audiences and industry watchers alike.

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Netflix buyback

The company ended Q1 with $12.3 billion in cash, partly because buybacks were paused during the Warner Bros process

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Netflix approves $25 billion buyback after scrapping Warner Bros bid

Highlights

  • Netflix board approved a $25bn share repurchase on 22 April, with no expiry date.
  • The move follows Netflix abandoning its $83bn bid for Warner Bros' streaming and studio assets.
  • Netflix stock has fallen more than 10 per cent since weak Q2 guidance, closing at $93.24 on 22 April.
Netflix has approved a $25 billion share buyback programme, using capital it had kept aside for its failed bid to buy Warner Bros.
The board gave the green light on 22 April, with the decision disclosed in an SEC filing the next day.
There is no expiry date on the programme. It comes on top of an existing December 2024 buyback that still had $6.8 billion left as of 31 March.

Earlier this year, Netflix pulled out of an $83 billion deal to acquire Warner Bros' streaming and studio assets after Paramount Skydance made a rival bid for Warner Bros. Discovery. Paramount then paid Netflix a $2.8 billion exit fee.

Co-CEOs Ted Sarandos and Greg Peters had already said the company would restart share buybacks once the deal was off.

Netflix shares have had a rough ride. They hit an all-time high of $134.12 in June 2025, then fell more than 40 per cent when the Warner Bros deal was announced.

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