PT Folago Global Nusantara expands into AI entertainment and film

PT Folago Global Nusantara Tbk (IDX: IRSX) is expanding its operations into the artificial intelligence, media commerce, and entertainment sectors. Through its subsidiary, PT Folago Artificial Intelligence Commerce (FAIC), the company is entering film production and micro-drama markets to strengthen its AI entertainment ecosystem in Indonesia.

To support this expansion, the company plans to utilize advanced video-generation models to increase content production capacity. This initiative aims to assist micro, small, and medium enterprises (MSMEs) by providing more affordable access to AI-based content production technology via the KreasiKita platform.

Simultaneously, IRSX is proceeding with a rights issue involving up to 12,390,094,754 new shares and 1,858,514,214 Series II Warrants, pending approval from the Financial Services Authority (OJK). The company also underwent a leadership reshuffle during an Extraordinary General Meeting of Shareholders on September 24, 2026, which included the appointment of Hana Hasanah Fadel Muhammad as President Commissioner.