Karan Johar, the director-producer, launched a new collaboration with Viacom18 Studios today.
The filmmaker welcomed an approaching “exhilarating time for Indian cinema.” in a photo with Dharma Productions Chief Executive Officer Apoorva Mehta and Viacom18 Chief Operating Officer Ajit Andhare.
According to industry insiders, the two companies will work together on four films.
This announcement comes only one day after Johar’s exclusive Netflix partnership came to an end.
‘It’s time to usher in new and fresh stories,’ says Johar
Johar captioned the photo, ” “It’s time to bring in new and exciting stories and pave the path for an exciting period in Indian film! We are thrilled to have @Viacom18Studios as our pillars of strength, led by @AndhareAjit! We’ll see you at the movies.”
Mehta and Andhare were also present to hear the news.
However, none of them went into detail about the nature of the partnership.
These large projects will be covered by cooperation
Taran Adarsh, a trade expert, revealed which projects the studios will collaborate on.
Rocky Aur Rani Ki Prem Kahani, starring Ranveer Singh and Alia Bhatt; Neetu Kapoor’s return film Jug Jugg Jeeyo, starring Varun Dhawan and Kiara Advani; Shakun Batra’s next with Deepika Padukone, Ananya Panday, and Siddhant Chaturvedi; and Mr. Lele (starring Advani, Vicky Kaushal, Bhumi Pednekar).
Dharmatic Entertainment’s material is no longer restricted to Netflix
Notably, this new agreement comes only days after Netflix terminated its exclusive agreement with Johar’s digital entertainment firm, Dharmatic Entertainment.
All Dharmatic material has to go entirely to the streaming giant under the terms of the 2019 deal.
According to the Economic Times, the two will continue to collaborate on projects that are currently in the works, but the extent of their partnership beyond that is unknown.
Previously, Dharma was said to be in negotiations with Lyca Productions
The collaboration between Dharma and Viacom18 has been in the works for a few months.
Back in June, it was reported that Viacom18 had purchased the distribution rights to Dharma’s “entire forthcoming slate”
Johar’s deal with Fox Star Studios fell through, and he was in discussions with Lyca Productions, but it too fell through.
Viacom18 then joined the picture.