Bollywood dominated the June 2026 OTT revenue chart in a way that hasn't been this lopsided in recent memory. Hindi-language titles claimed six of the top eight slots, led by the remarkable Lost Ladies (2024) at $330M — a figure that sits well clear of everything else on the list and that's all the more striking given the film carries no disclosed budget. Dhurandhar: The Revenge pulled $210M against a $23M budget for a 9.3x ROI, and its predecessor Dhurandhar: The Action-Packed Thriller of 2025 is still generating $170M on the same $23M outlay. That's two entries from the same franchise in the top five, which you don't often see on a single month's OTT snapshot.
South Indian cinema tells a more complicated story. Telugu titles like Pushpa 2 - The Rule ($219M, 4.1x ROI) and Kalki 2898-AD ($141M) are pulling serious cumulative streaming numbers, but the ROI multiples are far more modest than their Hindi counterparts — partly because the production budgets are genuinely large. Kalki cost $75M and returned 1.9x; Coolie spent $43M for a 1.3x return; Vettaiyan actually lost money on paper at 0.9x. Tamil-language films as a group are struggling to convert theatrical scale into OTT profitability, and The Greatest of All Time (rated 4.768, ROI 1.3x) is probably the clearest example of a big-star vehicle that didn't connect with either audience.
The thing nobody mentions enough is how the Malayalam industry is quietly outperforming its budget class. Lokah Chapter 1: Chandra cost $3M and returned 10.1x — that's a better multiple than almost anything on this list, tracked across our box-office indices. L2: Empuraan is more modest at 1.5x, but it came in at a $21M budget, which is substantial for Malayalam. The contrast between those two films suggests the industry's mid-budget prestige productions are finding OTT audiences in a way the franchise-scale Tamil and Telugu releases aren't.
Two patterns stand out. First, the low-budget breakout: Saiyaara (Hindi, $6M budget, 11.6x ROI) and Mahavatar Narsimha ($5M, 7.7x) are punching well above their weight, which points to a segment of the OTT audience that's actively seeking out smaller, higher-rated films rather than just chasing franchise IP. Saiyaara's rating sits at 6.4 — not exceptional — but the ROI suggests word-of-mouth carried it further than its theatrical run implied. Second, the franchise fatigue problem: Singham Again cost $41M and returned a 1.1x multiple with a 4.9 rating, which is a rough outcome for a franchise that once felt bulletproof. Honestly, a 1.1x ROI on $41M is barely breaking even, and it's hard to see that trajectory improving on a third installment.
Theatrical-to-OTT timing is worth noting here, because several 2024 releases — Pushpa 2, Devara: Part 1, Bhool Bhulaiyaa 3 — are still generating meaningful streaming revenue eighteen months or more after their theatrical runs. That long tail matters more for Telugu and Tamil titles, where the diaspora streaming window often rivals the domestic theatrical window in dollar terms. Kannada re-entered the conversation through Kantara - A Legend: Chapter 1 ($91M, 6.5x ROI), which continues the original film's pattern of slow-burn OTT accumulation. Whether that model — build the mythology, let streaming do the heavy lifting — becomes a template for other regional industries is a question worth watching over the next two quarters.
Data sourced from TMDB worldwide box-office records. Updated weekly. Generated 2026-06-01.
