Vashu Bhagnani's Pooja Entertainment

https://www.bollywoodhungama.com/news/bollywood/exclusive-vashu-bhagnani-sells-pooja-entertainments-seven-floor-office-pay-off-rs-250-cr-debt-lays-off-80-employees-following-consecutive-box-office-failures

https://www.mid-day.com/entertainment/bollywood-news/article/bade-miyan-chote-miyan-producer-vashu-bhagnani-mumbai-office-not-sold-to-pay-off-rs-250-crore-debt-nobody-is-running-away-23356791

Lately there’s been a lot of talk about how they haven’t paid some of the crew members of their productions for two years now.  Hopefully those guys are paid too.  

According to the article the movies that really did them in were Akshay and Tiger movies after the pandemic.  And those guys charged 100cr and 40cr per movie respectively.  I wonder how much that contributed to this financial mess they’re in now?  

I hope Rakul is keeping her finances separate.  

Har movieme Akshay kumar ko lega to yahi hoga.

Originally posted by: IAmLuvBolly

Lately there’s been a lot of talk about how they haven’t paid some of the crew members of their productions for two years now.  Hopefully those guys are paid too.  

According to the article the movies that really did them in were Akshay and Tiger movies after the pandemic.  And those guys charged 100cr and 40cr per movie respectively.  I wonder how much that contributed to this financial mess they’re in now?  

I hope Rakul is keeping her finances separate.  

Still he has lot of money stuffed overseas money laundering

Ye sab black money white karne ki scheme hogi

I don't trust these people one bit.

Vashu Bhagnani sells Pooja Entertainment’s Mumbai office and lays off 80% of employees to pay off a Rs. 250 crore debtTOI Entertainment Desk / etimes.in / Jun 23, 2024, 16:35 IST

Producer Vashu Bhagnani's Pooja Entertainment, which has produced movies like 'Bade Miyan Chote Miyan', 'Mission Raniganj', 'Jawaani Jaaneman', 'Bell Bottom', and others, has reportedly sold the seven-floor office of Pooja Entertainment to pay off his Rs 250 crore debt.

Producer Vashu Bhagnani's Pooja Entertainment, which has produced movies like 'Bade Miyan Chote Miyan', 'Mission Raniganj', 'Jawaani Jaaneman', 'Bell Bottom', and others, has reportedly sold the seven-floor office of Pooja Entertainment to pay off his Rs 250 crore debt.

As per the latest report by Bollywood Hungama, Vashu is paying off debts with the money received from the sale and added that the production house has laid off 80 percent of its staff.

The report stated that the layoffs began in January 2024 after 'Jagan Shakti’s film starring Tiger Shroff was shelved following a two-year struggle to take it on floors. The workforce was further reduced in April, specifically after the release of 'Bade Miyan Chote Miyan'.

According to the report, this development comes on the heels of the disastrous box office failure of BMCM, which barely earned Rs. 59.17 crores at the box office against the investment of Rs. 350 crores, resulting in losses of at least Rs. 125–150 crores for the production banner. Sources say Vashu has sold the building to pay off debts to multiple financiers, amounting to approximately Rs. 250 crore.

A source close to the publication also revealed that the financial troubles for Pooja Entertainment began with the release of Bell Bottom in 2021, one of the first Hindi films to hit theaters post-COVID-19, which flopped at the box office. Subsequent failures of Mission Raniganj and the big-budget Ganapath, which was even rejected by Netflix, exacerbated the situation.

The report further added that the heavy investment in 'Bade Miyan Chote Miyan' further strained the company's finances. Despite hopes that this Akshay Kumar and Tiger Shroff starrer would improve their financial outlook, its failure left Vashu with no choice but to sell the building to settle approximately Rs. 250 crores in debts owed to multiple financiers.

The report stated that despite the financial situation, Vashu and his son Jackky Bhagnani are ‘determined to reboot operations’ and work on projects that could help them bounce back.

http://timesofindia.indiatimes.com/articleshow/111207165.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

another flop film and they will go bankrupt

akki saar mass

He needs to accept making movies is not his thing. He can invest in real estate and makes good amount of money.

It is dumb to put soo many crores in half baked projects.They/any makers should work on the script and the content of the movies to produce good movies,no need to put crores and crores of money to produce a good quality movie.They should learn something from Malayalam movie makers and how they create content oriented movies with minimal budget.

Seems like they are neither good in business nor good in making movies otherwise how they still make same high budget movies after one huge failure.Reading the article seemed like they had big box office failures one after the other for heavily budgeted movies.