Reliance Jio’s First Day First Show plans spooks multiplex stocks

Reliance Jio has come a long way from just being the bugbear of telecom sector incumbents. Among the flurry of announcements Reliance Industries (RIL) chairman Mukesh Ambani made earlier this week was one that has set the cat among the pigeons in the cinema exhibition sector.

According to Ambani, Jio’s soon to be launched high-speed broadband and home entertainment offering – Jio Fibre – will eventually launch a package that will allow its subscribers to watch movies releasing in theatres at home on the very first day.