INSUBCONTINENT EXCLUSIVE:
Bollywood filmmaker Karan Johar during the 69th National Film Awards, in New Delhi on Tuesday (Photo: ANI)2 min read Last Updated : Oct 07
2024 | 11:13 AM IST
Music label major Saregama India, owned by RP Sanjiv Goenka, is reportedly in talks to acquire a majority stake in
Sources cited in the report suggested that the deal may not occur and has not reached the final stages.
This development comes at a time
when box office volatility and rising star fees are making it tougher for production companies to operate independently, a challenge Dharma
Productions is also facing
The report added that Dharma Productions has been seeking investments for some time.Click here to connect with us on WhatsApp
Recent
projects from Dharma Productions include Kill, Bad Newz, Yodha, and Mr - Mrs Mahi
The Alia Bhatt-starrer Jigra is set to hit theatres this week
On September 24, he revealed in an interview that some leading actors had demanded Rs 40 crore in fees for Kill, which surprised him since
year 2022-23, with a profit of Rs 10.69 crore
Meanwhile, Saregama collected revenue of Rs 790.3 crore, with a net profit of Rs 185.1 crore.
In September 2023, Saregama acquired a
majority stake in digital entertainment company Pocket Aces Pictures, purchasing 51.8 per cent for Rs 174 crore
Saregama plans to acquire an additional 41 per cent stake in the firm in the future.
The Covid-19 pandemic has been cited as one of the
reasons for poor box office performance in recent years
Prolonged lockdowns, combined with the rise of cost-effective streaming platforms, have changed how people consume content.First Published:
Oct 07 2024 | 11:12 AMIST
