One of the most-successful Bollywood filmmakers Karan Johar’s Dharma Productions has signed an exclusive distribution deal with producer Ronnie Screwvala’s UTV Motion Pictures. The deal includes theatrical, home video and other media rights for UTV’s next two movies.
Speaking about the deal UTV CEO, Ronnie Screwvala said, “Karan has a brilliant slate of films to his credit. He brings a tremendous entertainment quotient to his films. His films are amongst the most awaited across the country and around the world. We are thrilled to start what we hope is the beginning of a relationship with Dharma Productions.”
The movies include Wake Up Sid and other Rensil D’Silva’s untitled Saif Ali Khan-Kareena Kapoor project. The deal is estimated to be worth Rs. 80 crores for the two movies and has come in the wake of UTV’s recent golden run.
They produced movies like Filmfare best movie winning Jodhaa Akbar, Oye Lucky Oye!, Aamir and A Wednesday. Ronnie enjoyed a very smooth ride on the box office, with UTV beating Eros and Big Films in the trade during the past year.
Speculations have also been raised about Karan’s broken relationship with Yash Raj Films with the new deal. He has always worked with the production house and now has moved on to a different camp. He clarifies:
“Yash Raj has distributed my films in the past but now they have taken a conscious decision to distribute only their own films and I respect that. But my association with UTV should not be seen as a breakaway from Yash Raj. They are family and shall always be.”