SCOOP: Jio Studios and Karan Johar’s Dharma Productions start talks for collaboration : Bollywood News – Bollywood Hungama

April 26, 2021

Bollywood Hungama has been providing you with fixed updates on the developments taking place with reference to Dharma Productions, owned by Karan Johar. In December 2020, we have been the primary ones to report that the premiere manufacturing home was all set to shut a cope with Lyca Productions, a reputed manufacturing home down South that has made a number of memorable movies, together with Rajinikanth-Akshay Kumar starrer 2.0 (2018). A month later, in January 2021, we broke the information that Karan was in talks with Gautam Adani’s Adani Group to promote 30% stake of Dharma Productions. And only a few days in the past, we wrote that Lyca has backed out of the cope with Dharma. Meanwhile, there was reportedly no growth with reference to the Adani deal.

However, if a supply is to be believed, then there appears to be a ray of hope lastly for Karan Johar. The supply reveals, “If all goes well, then Jio Studios would back Dharma Productions. The development happened after Karan Johar had a meeting with Mukesh Ambani, who owns two film entities – Jio Studios and Viacom18 Motion Pictures. The meeting seems to have been fruitful. It was felt by both that more than Viacom18, Jio should come on board. Of course, it won’t be official until both the parties sign on the dotted line. The modalities are being worked out.”

However, the supply cautions, “The times that we live in, everything is unpredictable. Dharma-Lyca deal was almost confirmed but eventually, it failed to materialize. Hence, one can’t say what the end result would be with regards to the Dharma-Jio deal. Let’s wait and watch.”

Jio Studios has slowly and steadily turn into a studio to reckon with. It made its entry in Bollywood with the 2018 shock hit, the horror comedy Stree. It was produced by Dinesh Vijan’s Maddock Films. Both Maddock and Jio then partnered on a number of movies like Luka Chuppi (2019), Made In China (2019), Bala (2019), Love Aaj Kal (2020), Angrezi Medium (2020) and Roohi (2021). Jio additionally backed Manish Mundra’s just lately launched acclaimed movie Ramprasad Ki Tehrvi (2020) and the upcoming flick, Aadhaar. It can also be making a mark in regional movies and was the studio behind A R Rahman’s debut movie as producer, 99 Songs, which was launched in cinemas on April 16.

An business insider says, “I hope this deal fructifies. Jio Studios has been doing great. And Karan Johar, as we all know, is a credible producer. His slate of upcoming films is also quite exciting. Definitely, it’ll be a win-win situation for both Dharma Productions as well as Jio Studios.”

Also Read: SCOOP: Lyca Productions’ cope with Karan Johar’s Dharma Productions referred to as off?