Barely a day after a number of crew members accused Pooja Leisure of not clearing their funds on time, a Bollywood Hungama report claims that the manufacturing home's seven-story workplace in Mumbai has been bought for clearing $250 crore debt amid rising monetary issues. (Additionally Learn: Jackky Bhagnani's manufacturing firm Pooja Leisure accused of non-payment of salaries and unprofessional habits)
In line with Bollywood Hungama, the manufacturing home is scaling again its operations after back-to-back field workplace failures. The banner is led by Jackky Bhagnani and his father Vashu Bhagnani.
Cash issues
In line with enterprise sources, Vashu bought the workplace to a builder. In the intervening time, the id of the builder who purchased the workplace and the quantity should not but recognized. They may reportedly demolish the constructing to create a luxurious residential venture on the land.
The report additionally claimed that Vashu “laid off almost 80 per cent of the staff and shifted the workplace base to a two-room residence in Juhu”. The downsizing course of started in January 2024 after Jagan Shakti starring Tiger Shroff was shelved. The choice was made after two years of battle to get it up and working.
As for the employees, it was decreased in April, particularly after the failure of Bade Miyan Chote Miyan, starring Akshay Kumar and Tiger Shroff.
The movie was a failure on the field workplace because it recorded enterprise of $59.17 crores. It was made with a excessive price range of virtually $350 crores. The report states that “Vashu bought the constructing to pay money owed to a number of financiers, amounting to roughly Rs. 250 crores.”
“It began with Bell Backside, which was one of many first Hindi movies to launch in theaters after the COVID-19 pandemic in 2021. The movie failed miserably on the field workplace and so did the following one, Mission Raniganj. The corporate confronted one other setback when the big-budget Ganapath was unsuccessful and was even rejected by Netflix regardless of an acquisition deal. By then, crimson flags had already began showing on the corporate's monetary sheet, and the large funding in Bade Miyan Chote Miyan made issues worse,” stated a supply.
The supply added, “Nonetheless, the corporate was hopeful that the Akshay Kumar and Tiger Shroff-starrer motion entertainer would flip round its monetary scenario. Nevertheless, the historic failure of Ali Abbas Zafar's management virtually paralyzed the corporate. Vashu had no selection however to promote the constructing to clear the large debt.”
It’s not the tip
The report additionally claims that Vashu and Jackky are engaged on the reboot operations and have “already began talks with actors and administrators for a brand new slate of movies.” In truth, they’re additionally going forward with Shahid Kapoor's Ashwatthama venture which they introduced only a few months in the past.
Earlier this week, a group member, Ruchita Kamble, took to Instagram to jot down an extended put up. He even urged others to not work with the manufacturing firm owned by Jackky and his father Vashu Bhagnani.
She wrote: “I'm not one to make posts like that, however generally that you must kick individuals out! Watching my group and the group I labored with combat day after day to get our hard-earned cash has compelled me to make this put up. Please learn the sheer frustration of those younger girls who’ve superbly expressed the utter disregard for @pooja_ent and the completely unprofessional and unethical habits we have now all been tolerating for much too lengthy.”
In regards to the firm
Created in 1986, the model is understood for endorsing initiatives like Coolie no.1, Biwi no.1, Rangrezz, Shaadi no.1 and Jawaani Jaaneman. Pooja Leisure's final movie was Bade Miyan Chote Miyan, starring Akshay Kumar and Tiger Shroff. The movie was a failure on the field workplace.
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