SCOOP: Lyca Productions’ deal with Karan Johar’s Dharma Productions called off? : Bollywood News – Bollywood Hungama

April 24, 2021

In October 2020, Bollywood Hungama had solely reported that Lyca Productions, one of many largest productions down South, was all set to enter Bollywood to supply Hindi language movies. In December 2020, we additionally broke the information that Dharma Productions, owned by Karan Johar, is all set to collaborate with Lyca. Karan had a reasonably steady affiliation with Fox Star Studios and each collaborated on a number of initiatives. But after Fox group was taken over by Walt Disney, the latter determined to cease greenlighting new movies in India. Karan was in search of a studio accomplice and that’s when he started talks with crew Lyca. Both had collaborated previously with Rajnikanth-Akshay Kumar starrer 2.0 (2018). Directed by Shankar, this sci-fi biggie was offered within the Hindi market by Dharma Productions.

And now the most recent buzz is that sadly, the deal has fallen by. A supply says, “Lyca Productions has backed out of the deal with Dharma Productions. No one exactly knows the reason behind it as only the top honchos were involved in all the discussions. But the deal is not happening.”

Bollywood Hungama had additionally reported in January 2021 that Karan Johar was in talks with Gautam Adani’s Adani Group to promote 30% stake of Dharma Productions. But after superior talks, there have been no phrase on the end result of the negotiations. “The talks did happen but there has been no update on it,” mentioned the supply.

An trade insider says, “Karan Johar at least has Fox-Disney’s backing for Brahmastra, which will be their last film in Bollywood. But for Karan’s upcoming films like Shershaah, Dostana 2, Jug Jugg Jeeyo, Liger, Shakun Batra’s next and Shashank Khaitan’s next, he’ll require the support of some studio. It remains to be seen who comes on board.”

However, it’s not a disaster state of affairs at Dharma in any respect. The insider reveals, “Karan Johar is one of the most successful filmmakers at present. Most of his films work big time. I am sure he’ll soon get a partner and that’ll ease his woes to a great extent.”

We reached out to Aashish Singh of Lyca Productions however he was unavailable for remark.

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