Ivy Ent moves HC against Raja Saab co-producer
Ivy Entertainment
has moved the
Delhi High Court
against its co-producer of the big-budget, multilingual film The
Raja Saab
, Hyderabad-based
People Media Factory
Pvt Ltd (PMF), and its directors, seeking a permanent injunction over alleged contractual breaches in the making of the film.
It has alleged in its petition that PMF failed to meet critical obligations including completing and releasing the film on time, providing monthly production updates, disclosing fund utilisation, delivering agreed materials relating to the film and delaying the theatrical release multiple times.
Finance
Value and Valuation Masterclass Batch-1
By CA Himanshu Jain
View Program
Finance
Value and Valuation Masterclass - Batch 2
By CA Himanshu Jain
View Program
Finance
Value and Valuation Masterclass - Batch 3
By CA Himanshu Jain
View Program
Artificial Intelligence
AI For Business Professionals
By Vaibhav Sisinity
View Program
Finance
Value and Valuation Masterclass - Batch 4
By CA Himanshu Jain
View Program
Artificial Intelligence
AI For Business Professionals Batch 2
By Ansh Mehra
View Program
Ivy Entertainment, part of Ivy Holdings, entered into a film rights acquisition agreement and theatrical rights acquisition agreement with PMF on January 25, 2023, and March 10, 2023, respectively. Under these agreements, the media and entertainment company claims, it invested about Rs 218 crore in acquiring worldwide theatrical and non-theatrical rights along with contractual safeguards including guaranteed returns and co-presenter credits.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
5 Dividend Stocks With Strong Ratings
Seeking Alpha
Read Now
Undo
Alleging delays and material breaches which triggered termination of the agreements, Ivy Entertainment has sought refund of the amount it had invested along with 18% annual interest.
The petition named directors Vishwa Prasad Tumbalam Gooty and Subramanya Vivekananda Kuchibhotla and post-production vendors including Deccan Dreams Animations LLP, Prasad Xtreme Digital Cinema Network, Qube Cinema Technologies and
UFO Moviez
, seeking directions to them to cease any dealings with the film without Ivy Entertainment's consent.
Live Events
The suit before the Delhi High Court seeks the court's intervention to restrain PMF and its directors from claiming and exploiting any rights, title or interest in the film.
Ivy Entertainment has argued that it intends to finish production of the movie and release it to protect its investment.
According to recent updates, The Raja Saab is expected to be released in January 2026. The film, which is a horror-comedy and stars pan-India star
Prabhas
, has a massive budget of more than Rs 400 crore. It was expected to compete with big Hindi films such as Dhurandar and Romeo in December this year.
Producers are of the view that the delay in the film's release might actually benefit the film as it would reduce competition and boost box-office collection.
'The solo release of The Raja Saab will benefit the film as it reduces the competition with Hindi films. At present, two key factors work for the film. One is the film's genre. Horror comedy genre is the flavour of the season, " said producer Rajesh R Nair, known for Hindi films such as Kaminey and Adipurush. 'Another factor which works for the film is actor Prabhas' box-office appeal. He is a pan-India star given the historical record of his films at the box office. I think the film has the potential to open big at the box office as a solo release.'
Ivy Entertainment has invested more than Rs 1,500 crore in south Indian films in the past three years.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
18 minutes ago
- Mint
Infosys employees to get 80% average performance bonus after strong Q1 earnings: Here's what we know…
Employees of IT major Infosys will get performance bonus of around 80 per cent on average, according to a report by Moneycontrol, citing an internal memo sent to staff. This comes after the Bengaluru-based MNC recorded strong earnings in Q1FY26, it added. Livemint could not independently verify the report. All employees in Band 6 and below can expect quarterly bonuses. These include junior to mid-level staff. Notably, last year, the average performance bonus given out in this quarter was around 65 percent, it added. Till time of writing, Infosys did not respond to queries on the matter, the report said. The payout percentage will be based on the performance level ratings of each individual, the report said: For PL4 employees, the bonus payout will range from 80-89 per cent, depending on their performance category. Overall, those rated 'outstanding' will get 89 per cent of their eligible bonus, while employees in the 'needs attention' category will get 80 per cent bonus. For PL5 employees, the bonus payout will range from 78-87 per cent, depending on their performance category. For PL6 employees, the bonus payout will range from 75-85 per cent, depending on their performance category. Overall, the highest rated will get 85 per cent of their eligible bonus, while employees in the lowest band will get 75 per cent bonus. Bonus letters will be uploaded to each employees 'e-dockets', the report said. Notably, during market open on August 20, tech stocks, including Infosys recorded solid gains, lifting the Nifty IT index by 2.70 per cent, its biggest single day jump since May 2025. Infosys led the pack, rising 4 per cent to ₹ 1,497, followed by Coforge and MphasiS, which gained 3.3 per centand 3.2 per cent, respectively. Other stocks, including TCS, Persistent Systems, Tech Mahindra, Oracle Financial Services, Wipro, LTIMindtree, and HCL Technologies, also ended higher with gains ranging between 1.5-3 per cent. The robust rally in tech stocks can be attributed to multiple factors, as the sustained sell-off in the recent weeks has brought valuations down to more comfortable levels, prompting investors to take a fresh look at the sector despite weak demand outlook.
Time of India
21 minutes ago
- Time of India
Landmark Group to invest Rs 400 cr for construction of Gurugram housing project
Realty firm Landmark Group will invest Rs 400 crore in the construction of its new housing project in Gurugram. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Realty firm Landmark Group will invest Rs 400 crore in the construction of its new housing project in company is developing 240 apartments in its new residential project, spread over 4 acre of land parcel, at Sector 103 (Dwarka Expressway) in Gurugram."We will invest Rs 400 crore on construction of our new project ' Landmark SKYVUE '," Landmark Group Chairman Sandeep Chillar told reporters said the company has owned this land parcel since 2009, and all approval charges have been paid to the said the company would fund the construction cost with the help of internal accruals, bank loans and advances from customers against Group will sell apartments in a price range of Rs 5-7 crore per unit. The launch price is Rs 17,500 per sq chairman further said the demand continues to be strong in the Gurugram market, helped by infrastructure projects, including the opening up of Dwarka company has so far delivered 15 housing and five commercial projects, mostly in Delhi-NCR.
Economic Times
21 minutes ago
- Economic Times
Enmas EPC Power Projects raises Rs 57 crore from investors to fuel global expansion
Enmas EPC Power Projects, an EPC solutions provider to power and process industries, on Tuesday announced raising Rs 57 crore from a clutch of investors in its maiden funding round. Ahead Venture Fund, a Category I AIF, managed by Abakkus Asset Manager LLP, and Amit Agarwal were among the lead investors in the funding round, the company said in a statement. The fundraise also saw participation from investors such as Biyani Growth Ventures LLP, family members of JyotiVardhan Sonthalia, Vitamin M Securities, SVK Realty & Investment, Ankush Kedia and multiple marquee HNIs. The growth capital will be channelled towards expanding execution bandwidth across biomass, biogas and waste-to-energy verticals, while aggressively capitalising on high-value international opportunities backed by the surging demand for high-efficiency, large-scale energy infrastructure, the statement said. "Backed by this strategic investment from our esteemed investors, we will accelerate our global expansion, deliver cutting-edge renewable and thermal projects with unmatched speed and precision, and set new benchmarks for engineering excellence in the energy transition," Alur Chakrapani, Managing Director of Enmas EPC, said. Enmas EPC has executed more than 700 MW of power projects and more than 2,000 MW in boilers and balance of plant contracts in more than 14 countries.
