Step 1: Analyze blank (i).
The context says: “Amid this turbulence, there is a factor that stands out positively.” The word “redeeming” fits perfectly as it indicates something positive in an otherwise negative situation.
Step 2: Analyze blank (ii).
The sentence mentions films like {RRR}, {KGF 2}, and {Pushpa}, which were very successful. Hence, “outperformance” is the most suitable choice.
Step 3: Analyze blank (iii).
Traditionally, South Indian films have done well in their own “geographies” (regions). Words like “channels” or “theatres” do not convey regional success. Thus, “geographies” fits best.
Step 4: Analyze blank (iv).
The dubbed versions in Hindi are so successful that their collections are “eclipsing” (surpassing) those of Bollywood counterparts.
Step 5: Eliminate other options.
- (A): “disheartening failure” is opposite in meaning.
- (C): “underperformance” contradicts the idea of success.
- (D): “bombing” and “falling behind” are negative, unsuitable here.
Thus, all four blanks align only with option (B).
\[
\boxed{\text{(B) redeeming, outperformance, geographies, eclipsing}}
\]