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SCOOP: Lyca ProductionsтАЩ deal with Karan JoharтАЩs Dharma Productions called off? : Bollywood News

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In October 2020, Bollywood Hungama had exclusively reported that Lyca Productions, one of the biggest productions down South, was all set to enter Bollywood to produce Hindi language films. In December 2020, we also broke the news that Dharma Productions, owned by Karan Johar, is all set to collaborate with Lyca. Karan had a pretty stable association with Fox Star Studios and both collaborated on multiple projects. But after Fox group was taken over by Walt Disney, the latter decided to stop greenlighting new films in India. Karan was looking for a studio partner and thatтАЩs when he began talks with team Lyca. Both had collaborated in the past with Rajnikanth-Akshay Kumar starrer 2.0 (2018). Directed by Shankar, this sci-fi biggie was presented in the Hindi market by Dharma Productions.

SCOOP: Lyca Productions' deal with Karan Johar's Dharma Productions called off?

And now the latest buzz is that sadly, the deal has fallen through. A source says, тАЬLyca 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.тАЭ

Bollywood Hungama had also reported in January 2021 that Karan Johar was in talks with Gautam AdaniтАЩs Adani Group to sell 30% stake of Dharma Productions. But after advanced talks, there have been no word on the outcome of the negotiations. тАЬThe talks did happen but there has been no update on it,тАЭ said the source.

An industry insider says, тАЬKaran Johar at least has Fox-DisneyтАЩs backing for Brahmastra, which will be their last film in Bollywood. But for KaranтАЩs upcoming films like Shershaah, Dostana 2, Jug Jugg Jeeyo, Liger, Shakun BatraтАЩs next and Shashank KhaitanтАЩs next, heтАЩll require the support of some studio. It remains to be seen who comes on board.тАЭ

However, itтАЩs not a crisis situation at Dharma at all. The insider reveals, тАЬKaran Johar is one of the most successful filmmakers at present. Most of his films work big time. I am sure heтАЩll soon get a partner and thatтАЩll ease his woes to a great extent.тАЭ

We reached out to Aashish Singh of Lyca Productions but he was unavailable for comment.

Also Read:┬аStar Vs Food: From chopping onions to not able to find turmeric, Karan Johar brings chaos, panic and unsavoury jokes to the kitchen

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