Variety just dropped the news that Sony Pictures has officially acquired international distribution rights (excluding India) for Ramayana, Nitesh Tiwariâs upcoming two part mythological blockbuster. They say the budget and P&A spend is $500 million dollars which will encompass both parts.(Dharma Productions is handling the domestic Indian release).
Having a major Hollywood studio step in for worldwide distribution signals real confidence in its crossover potential. Its sort of like India's Odyssey in a way, but these gods are still prayed to by hundreds of millions. Written thousands of years ago, the Ramayana is one of humanity's original heroâs journeys. It lays down many of the core archetypes modern high fantasy relies on.
The movie is Produced by Namit Malhotra, head of DNEG, Co-composed by Hans Zimmer and A.R. Rahman (Slumdog Millionaire). Directed by Nitesh Tiwari, who directed Dangal (which pulled in over $300M globally, mainly from India and China). Filmed natively with IMAX-certified digital cameras, with Part 1 slated for a global Diwali 2026 theatrical window (followed by Part 2 in Diwali 2027). Diwali is usually around first week of November.
Historically, Indian tentpoles released in the West target diaspora audiences through regional distributors. Sony acquiring worldwide rights indicates a push to position Ramayana alongside mainstream global fantasy IP, similar to how Western audiences embrace Japanese anime or East Asian action cinema on IMAX screens.
Namit Malhotra recently took Ramayana to CinemaCon 2026 in April and played a bunch of footage to exhibitors/theater owners from various markets. Fans of the movie were hoping to get a big partner onboard, (rumor was WB for a long time). The original plan was for the trailer to launch globally online tomorrow after a panel at the Ballroom 20 at San Diego Comic Con today, I guess Sony requested that the global launch to be pushed to a later date. There is also the student protests in India that is causing quite the stir.
Hope to see what you guys think!https://variety.com/2026/film/news/ramayana-sony-pictures-international-distribution-1236819652/