New Delhi, Aug. 14 -- Reliance Industries Ltd (RIL) chairman Mukesh Ambani's audacious plan to home-deliver movies on the day of their release could transform movie-watching and reshape India's Rs.10,000 crore multiplex industry, provided Jio manages to deftly navigate a landscape of producers, exhibitors and top actors, key stakeholders in the entertainment industry.

Shares of multiplex operators plunged on Tuesday, a day after Ambani said premium users of JioFiber, a feature-rich wired broadband service, will get to watch the latest movies on the first day itself. On BSE, shares of PVR Ltd and Inox Leisure Ltd, India's largest and second-largest multiplex operators with 800 and 600 screens, respectively, fell more than 4% each. JioFiber ...