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Reliance Entertainment is on a battle path with T-Series now. As issues stand right now, the Bhushan Kumar-led organisation could must shell out practically Rs 400 crore.
T-Series has been requested by Reliance to cough up Rs 397 crore. A public discover has been issued on this regard by the top of this week. The discover dated February 20, 2024, has been issued by Reliance Big Entertainment Pvt. Ltd. to Super Cassettes Industries Ltd. (T-Series) and Hungama Digital Media Entertainment Ltd. (Hungama), calling upon T-Series to dish out their requisite dues which quantity to the tune of Rs. 397,56,86, 013
It is all the time stated that there are not any everlasting mates and enemies within the movie enterprise. In a wierd twist to the continuing declare by Phantom Studios in opposition to T-Series, which has been occurring for the previous few years, it’s now seen that Reliance has additionally jumped onto the bandwagon. It could also be recalled that the Shibasish Sarkar-led Reliance Entertainment was lately partnering with T-Series on a slate of movies.
It is all the time stated that there are not any everlasting mates and enemies within the movie enterprise. In a wierd twist to the continuing declare by Phantom Studios in opposition to T-Series, which has been occurring for the previous few years, it’s now seen that Reliance has additionally spearheaded this declare by issuing a termination discover to T-Series and claiming Rs. 397 crores as previous dues. The Shibasish Sarkar lead Reliance Entertainment was until lately partnering with T-Series on a slate of movies.
Sources near Reliance stated, “We had built our business in deep relationships and blind trust. Then during and post the settlement with Phantom Studios, they pointed out that there was a large amount of profit share due from T-Series, which was being suppressed by T-Series. It is evident from all the public domain information available that they owe us nearly Rs. 400 crores.”
Apparently, Reliance Ent has gone up in attraction for a double bench listening to which has not been slated but.
Bhushan Kumar, when contacted, stated he’s in the best and has a High Court order supporting his stance. According to Bhushan Kumar, he was being requested to cough up extra royalty which is unfair.
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