If successful can bring a string of offers, a flop can send all of them packing. As Ram Gopal Varma is claimed to have learnt, after his last release Department bombed on the box office. Consequently, the deal a company company had inked for four of his films have been called off.
According to our source, this actual company was stepping into a Rs 100 crore maintain the producers of Ramu’s four films a couple of weeks before the discharge of Department. “Head honcho Sunil Lulla was keen to finalise the deal in April.
However, Ramu felt that he should wait till the discharge in May, ” recalls our source, adding that at last RGV’s producers, including Parag Sanghvi, finalised the deal or even made an advance payment of Rs 10 crore.
Further, we’re told that the four films included within the deal were Varma’s tackle the November 26, 2008 terror attack in Mumbai, the sequel to Bhoot, sequel to Ab Tak Chhappan and the third Sarkar film, that was taking on Rs 50 crore of all the deal.
Unfortunately for the director, Department crashed and banged, giving jitters to the company house in regards to the Rs 100 crore deal. As our source reveals, “Considering the losses Department incurred, the Lullas had second thoughts about investing this sort of huge amount in RGV’s films.
They opted out or even asked for the refund of the Rs 10 crore paid as advance. However, the producers are maintaining that the money has already been spent on production and can’t be refunded soon, until they finalise the care for another interested party.”
When contacted, Parag Sanghvi insisted the deal is on. “In fact, we’re starting our most prestigious project, at the November 26 terror attack by early July.”
However, our source stands by the tale.
Courtesy: Mid-Day.com
