If our industry sources are to be believed then the deal between producer Vidhu Vinod Chopra and Indian Film Company for 3 Idiots has been called off before the official formalities were to be completed.

Despite that fact that both the parties are tight-lipped about what went wrong, our industry source reveals that both Indian Film Company and Chopra had an oral agreement between them about the Aamir Khan - Kareena Kapoor starrer 3 Idiots' worldwide rights. But despite this, Chopra wanted the prospective distributor (Indian Film Company) to leave the audio rights as he wanted to sell the same to Sony.

Our source continues, "IFC agreed to relinquish the music rights and proportionately reduce the value of the deal to Rs. 85 crore.

Next, Vinod Chopra wanted to sell the Overseas and home video rights to another party. Effectively then, what would remain with IFC would be India theatrical and satellite rights only. But before the deal for those rights could be signed, Vinod Chopra changed his mind once again and decided to keep the India distribution rights for himself.

Incidentally, Chopra ultimately sold the audio rights to T-Series rather than Sony. Reportedly, he got Rs. 12 crore from T-Series for the same."