Ivy Ent moves HC against Raja Saab co-producer
In his petition, he claimed that he could not fulfill critical obligations, including completing and releasing the film’s film on time, providing monthly production updates, disclosure of fund use, presenting the agreed materials related to the film and delaying the theater version several times.
Ivy Entertainment, a part of Ivy Holdings, made an agreement with a film rights and theater rights with PMF on 25 January 2023 and 10 March 2023. In accordance with these agreements, the media and entertainment company has invested 218 RS Crore to acquire worldwide theater and non -theater rights in addition to contract -based measures, including guaranteed refunds and joint presentation loans.
Ivy Entertainment, who claimed delays and financial violations that triggered the end of the agreements, searched for the refund of the amount he deposited with an annual interest of 18%.
The petition chose post -producer sellers, including directors, Vishwa Prasad Tumbalam Good, and Subraancea Vivekananda Kuchibhotla and Deccan Dreams Animations LLP, Prasad Xtreme Digital Cinema Network, Nigital Cinema Technologies and UFO Moviez.
The case in front of the Supreme Court of Delhi is looking for the intervention of restricting and exploitation of the court’s PMF and executives to the film. More than 400 RS large budget. In December this year, he was expected to compete with great Hindi films such as Dhurandar and Romeo. Manufacturers think that the film will really benefit the film as the delay in the version of the film will reduce competition and increase the box office collection.
Rajesh Rajesh R Nair, known for Hindi films such as Kaminy and Adipurush, said, “Raja Saab’s solo version will benefit the film because it reduces competition with Hindi films. Currently, two main factors are working for the film. One is the type of film. Horror comedy is the flavor of the season. “Another factor working for the film is the actor Prabhas’s box office charm. Considering the historical recording of box office films, a Pan-Indian star.
Ivy Entertainment has invested more than 1,500 RS in Southern Indian films in the last three years.
