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Rana Daggubati’s magnum opus Hiranyakashyap put on hold

Rana Daggubati, who shot to global fame after delivering power-packed performances in SS Rajamouli’s Baahubali: The Beginning (2015) and Baahubali: The Conclusion (2017), was psyched up about starring in yet another Telugu magnum opus Hiranyakashyap. However, as things stand today, the high-profile project has been put on hold.

Hiranyakashyap was officially announced nearly three years ago. However, the film kept facing delays due to various issues. Filmmaker Gunasekhar on Friday confirmed that the much-awaited project is not going to take off immediately due to the Coronavirus pandemic.


Gunasekhar took to Twitter to make the announcement. “Amidst this global pandemic, despite Hiranyakashyap pre-production work completed, the massive scale shoot will take off later than anticipated. In the meantime, I have embarked on another film,” read his tweet.

Speculations were rife last year that the makers had decided to shelve Hiranyakashyap. However, Rana Daggubati clarified in an interview that the project would go before cameras from mid-2020.

“There is no delay; it is just that we are using the latest technology available. We are building virtual reality sets, along with rendered visuals as seen in (video) games, which will allow us to watch the film digitally even before we start shooting. This is probably the first time it is happening in India. We are collaborating with a 3D scanning company, which specializes in medical technology. We realised that their scans were better than what was being done in (studios in) Los Angeles. Since there is a lot of groundwork to be done, the film will roll in another eight months,” the actor had said.

Talking about his other upcoming projects, the beefy actor has his platter full with several high-profile projects across languages, including Kaadan, Aranya, Haathi Mere Saathi, Madai Thiranthu, 1945, and Virat Parvam.

Keep visiting this space for more updates from the world of entertainment.

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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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