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In 2024, the industry had a landmark year, crossing the ₹1000 crore box office mark with just eight successful films, a testament to its efficiency and audience pull.

The evolution of the industry cannot be discussed without its pillars. and Mammootty , who rose to prominence in the 1980s, remain the foundational pillars of the industry. With 14 National Film Awards for Best Actor shared between various Malayalam stars (including the legends), the state has produced arguably the finest acting talent in Indian cinema. In 2024, the industry had a landmark year,

The 1980s and 1990s also solidified the dominance of two acting stalwarts: Mammootty and Mohanlal. While both achieved massive stardom, their careers were defined by a willingness to subvert their own star personas. With 14 National Film Awards for Best Actor

: Filmmakers like Adoor Gopalakrishnan , G. Aravindan , Padmarajan , and Bharathan brought national and international acclaim to Kerala. : Filmmakers like Adoor Gopalakrishnan , G

: J.C. Daniel, known as the "Father of Malayalam Cinema," directed the first silent film, Vigathakumaran , in 1928. The Talkies : (1938) was the first sound film in the Malayalam language.

However, the industry's trajectory is a story of peaks and valleys. After this golden period, Malayalam cinema went through a phase of mediocrity in the 1990s and reached its nadir in the early 2000s. This was a time of intellectual and creative stagnation when softcore adult films were, shockingly, generating more profit than mainstream movies.