I'd suggest dark red curtains if you need curtains at all -- the windows are beautiful as they are, and I'm not sure whether some kind of blind might not give you the ability to darken the room when you want to. On the wall, if you are real fans of any movies or TV shows, three big posters would be fun. Otherwise, I would still suggest using three pieces of art there of that size, all equal in size and somehow relating to each other. Three floral works, or three works in the same style, perhaps. I think a large plain textured rug in a light neutral from one of the cushion fabrics would tie the space together well. You might also consider a lovely low coffee table on the rug to lay out your snacks and drinks for serious media nights.

Rohanth, See if this inspires you.. alongwith some of the ideas suggested by RMs above. If its feasible please do away with the grills and replace them with tempered glass. You may have to play with lighting to enhance this area. You can call us ..its easier to explain over a call . Thanks Nitin CORNERSTONE DESIGNS Bangalore.

wodden pillar was extra thing ..might create hindrance ..jhoola is itself a divider.

I like to style with both wall art and lamp.. But if it has to be just one item, it'll be LAMP.. Always!