Surprising many within the industry, director Karan Johar has decided to go ahead with the distribution of his next two movies with UTV Motion Pictures. This deal will give Ronnie Screwvala and his company exclusive worldwide distribution rights for Karan's next two productions.
WHY this has surprised many is because till date Karan has either distributed films himself or gone with Yash Raj Films for the distribution of his films. But this deal with UTV gives the latter theatrical, home video, overseas and satellite distribution rights.
And while the two films - Wake Up Sid and Rensil D’silva’s untitled film – have been handed to UTV for release, interestingly Karan’s own directorial venture My Name is Khan still remains with Johar and Dharma Productions.
Speaking about the deal, Karan says that the deal is a natural choice for him. His (Ronnie Screwvala) passion and sensibility towards understanding a cinema is exceptional and I’m looking forward to working with UTV Motion Pictures,” says Karan, “I’ve known and been in touch with Ronnie for a long time now and I am glad that finally we are getting a chance to work together.”
Wake Up Sid is directed by Ayaan Mukerji and stars Ranbir Kapoor and Konkona Sen Sharma. Rensil D’silva’s film stars Saif Ali Khan, Kareena Kapoor and Vivek Oberoi.
UTV on the other hand is in desperate need of a hit film. While their small budget independent films under their Spotboy Entertainment banner have done reasonably well, barring Madhur Bhandarkar’s Fashion – which they co-produced – UTV has found it tough to make money at the box office. And therefore it makes business sense for Ronnie to sign up with someone like Karan Johar who is known to rake in the big bucks internationally as well.
“Karan has a brilliant slate of films to his credit. He brings a tremendous entertainment quotient to his films coupled with immense understanding of the pulse of the audience. His films are the most awaited amongst audiences across the country. We are thrilled to start what we hope is the beginning of a long relationship with Dharma Productions,” said UTV CEO Ronnie Screwvala on the deal.
Industry insiders are also saying that things are not very good between Yash Raj Films and Shah Rukh Khan. And it is this crack in the infamous SRK-YRF friendship along with rising budgets of Karan’s films that has resulted in Karan walking in the other direction.
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