Close X
Friday, November 29, 2024
ADVT 
Bollywood

Neerja Producer Explains What Went Wrong In Profit Sharing Deal With The Bhanots

Darpan News Desk, 23 May, 2017 01:42 PM
  • Neerja Producer Explains What Went Wrong In Profit Sharing Deal With The Bhanots
Profits from "Neerja" were repeatedly offered to the family of late flight purser Neerja Bhanot as per the existing contract but they declined to accept it, the co-producers of the National Award winning film said on Tuesday.
 
The clarification comes amid allegations that the film's makers did not honour their commitment to share the earnings with the family and the Neerja Bhanot Trust.
 
Co-produced by Atul Kasbekar's company Bling Unplugged, alongside Vijay Singh's Fox Star Studios, "Neerja" is based on air hostess Neerja Bhanot, who displayed the utmost courage to deal with armed terrorists and sacrificed her life to save others on a hijacked flight.
 
The film grossed an estimated Rs 125 crore in worldwide earnings and bagged the National Award for the Best Hindi Feature Film, among several other film awards. The family has claimed the makers had promised them 10 per cent of the film's box office collections, and they now plan to take legal action for their stake.
 
 
A statement read: "Bling Unplugged had acquired the rights to make 'Neerja' from the Bhanot family. The agreement between Bhanots and Bling clearly spelt out that Bhanots would be paid a fixed upfront amount (which was paid as per the timelines) and a variable amount, which was to be computed as a share of net profits that Bling would receive. 
 
"It was always abundantly clear that we would partner with a studio, in this case Fox Star India. The Bhanot family was always aware of the same and have in fact met the studio reps on many occasions. To imply otherwise is simply untrue.
 
 
"All financial transactions post release have been shared with the Bhanot family immediately and in a transparent manner. Their share of the profits, which is a share of ours, has been immediately offered."
 
The statement further said the Bhanot family has "declined to accept the same and now wish to get a share of the studio profits".
 
"This is effectively a retrospective negotiation and not as per what is signed by them years ago. It is unfortunate that despite having a clear contractual arrangement the Bhanots have decided to dispute the financial understanding at this belated stage. 
 
"To reiterate, the amounts due to the Bhanots, as per the existing contract have been repeatedly offered by us to them," the statement read.
 
 
An inspirational tale, "Neerja" was appreciated for its performances by Sonam Kapoor and Shabana Azmi, who played her mother on screen.
 
When IANS had contacted Aneesh Bhanot, brother of Neerja Bhanot, he had said: "I will not comment on this issue at this stage. All I can tell you is that we will not tolerate injustice."

MORE Bollywood ARTICLES

Sachin Tendulkar Receives Modi's Blessings For Film

Legendary cricketer Sachin Tendulkar met Prime Minister Narendra Modi and received his blessings for his upcoming biographical film "Sachin: A Billion Dreams".

Sachin Tendulkar Receives Modi's Blessings For Film

Tiger Shroff Gets On Board For Indian 'Rambo' Remake

Bollywood actor Tiger Shroff has been finalised for Indian remake of Hollywood actioner "Rambo", which starred action icon Sylvester Stallone.

Tiger Shroff Gets On Board For Indian 'Rambo' Remake

'Commando 3' Will Have Spectacular Action: Vidyut Jammwal

Actor Vidyut Jammwal says the third instalment of the "Commando" franchise will have "spectacular action", and he has already started prepping for it.

'Commando 3' Will Have Spectacular Action: Vidyut Jammwal

The Father’s Values Make Me Vomit: Chinese Feminists Are Bashing Dangal

Besides making a large pot of money in China, Aamir Khan‘s Dangal has triggered a robust online debate on the state of feminism in the country where feminists are often frowned upon for being too radical in their views.

The Father’s Values Make Me Vomit: Chinese Feminists Are Bashing Dangal

Sonam Kapoor Reveals She Judges People Based On Their Perfumes

Sonam Kapoor Reveals She Judges People Based On Their Perfumes
From talking about her first ever kiss to not believing in censorship, Sonam will be seen baring it all, including her preferences in men and her thoughts on dating actors.

Sonam Kapoor Reveals She Judges People Based On Their Perfumes

My Parents Think I Am Absolutely Mad: Randeep Hooda

My Parents Think I Am Absolutely Mad: Randeep Hooda
Randeep Hooda currently sports a thick beard and moustache for his new film, Rajkumar Santoshi's ' Battle of Saragarhi', where he plays the role of a soldier, Havaldar Ishar Singh.

My Parents Think I Am Absolutely Mad: Randeep Hooda