Karan Johar leaves Yash Raj for 80 crores

Karan Johar leaves Yash Raj for 80 crores
Tuesday, March 10, 2009 16:04 IST
By Santa Banta News Network
Has filmmaker Karan Johar has fallen out with old pal, Aditya Chopra? Or is it just a business related new arrangement?

The director who always sold his films to the Yash Raj banner for distribution has decided to go outside and look for another distributor outside. Reports say that Karan's next two films, ‘Wake Up Sid' with Ranbir Kapoor and Konkona Sen Sharma and Rensil D'Silva's untitled next will be distributed by UTV at a cost of Rs 80 crore.

The rumours of the Karan thinking of doing business minus the Chopras have been doing the rounds for quite a while now.

Now it has been confirmed with UTV being the sole distributors of Dharma Productions' next two films.

At the press conference held in a Mumbai star hotel on Monday 9th March evening the deal was formally announced but without revealing the money.

The media was told, this deal includes, theatrical, home video, overseas, satellite and all other new media and distribution rights excluding music, together for the two movies. The break up that our trade sources have revealed to us is as follows - Wake Up Sid amounting to Rs. 28 crore and Rensil D'Silva's untitled next for Rs. 52 crores.

Speaking to us at the press conference, Karan Johar said, "It marks a new phase for Dharma Productions as we enter into an association with UTV. I am very impressed by their body of work and they have proved themselves repeatedly.

My both these films are not typical Bollywood films churned by our production house earlier and I am confident UTV will promote them perfectly just the way they have done last year with off beat subjects like Aamir, A Wednesday and Welcome To Sajjanpur."

UTV CEO Ronnie Screwvala stated, "I have always been impressed by Karan Johar. He has a great vision and has his feet still firmly rooted on the ground despite such mega successes.

What I also like about him is that he is constantly keeping a tab of changing tastes of audiences. We are thrilled to start what we hope is the beginning of a long relationship with Dharma Productions."

Dharma's association with UTV has marked the end of its long standing distribution alliance with Yash Raj Films.

But Johar is quick to clarify, "Yash Raj has distributed my films in the past but now they have taken a conscious decision to distribute only their own films and I respect that. But my association with UTV should not be seen as a breakaway from Yash Raj. They are family and shall always be."
Death Threats to Shah Rukh Khan: Lawyer Arrested in Chhattisgarh for Extortion Attempt!

In a shocking turn of events, a man identified as Mohammad Faizan Khan has been arrested for issuing death threats to Bollywood superstar Shah Rukh Khan. The accused, a lawyer by

Tuesday, November 12, 2024
Bigg Boss 18: Vivian Dsena and Chahat Panday's Coffee Banter Steals the Show; Frenemies Turn Friendly Over French Coffee!

In the latest promo of Bigg Boss 18, contestants Vivian Dsena and Chahat Panday, known for their heated arguments and on-screen rivalry, showcased a lighter side of their relationship

Tuesday, November 12, 2024
Varun Dhawan Praises Pooja Hegde's Stunning Look; Sparks Excitement for Upcoming Film!

Bollywood actor Varun Dhawan recently showered praise on actress Pooja Hegde, who made heads turn with her stylish and edgy outfit in her latest Instagram photoshoot. Pooja shared a

Tuesday, November 12, 2024
Half Love Half Arranged S2 Trailer Unveiled!

Get ready for an exciting and drama-filled journey as Amazon MX Player, Amazon's free video streaming service, and Dice Media's much-loved rom-com series Half Love Half

Tuesday, November 12, 2024
Model Sifat Sehgal opens up about her battle with Anorexia!

In a candid and courageous revelation, model and reality TV star Sifat Sehgal has opened up about her harrowing journey with anorexia and her recovery, offering an unfiltered

Tuesday, November 12, 2024
ADVERTISEMENT
ADVERTISEMENT