Bollywood Hungama had earlier reported that Karan Johar’s Dharma production was all set to close a deal with Lyca Productions. Lyca is a reputed and famed production house down South. It has made several iconic films, including Rajinikanth-Akshay Kumar-starrer 2.0 (2018). However, a few days ago Lyca backed out of the deal that was soon gonna materialise. Karan was also in talks with Gautam Adani’s Adani Group to sell a 30% stake in Dharma Productions. However, even that could not reach the papers, as it seems. Now according to a source of the leading entertainment portal, Jio Studios and Dharma Production may collaborate soon.
Jio Studios to Back Dharma Production? | Deets of Meeting between Mukesh Ambani and Karan Johar Inside
The source reveals, “If all goes well, then Jio Studios would back Dharma Productions. The development happened after Karan Johar had a meeting with Mukesh Ambani, who owns two film entities – Jio Studios and Viacom18 Motion Pictures. The meeting seems to have been fruitful. It was felt by both that more than Viacom18, Jio should come on board. Of course, it won’t be official until both parties sign on the dotted line. The modalities are being worked out.”
However, the source warned that even now unpredictability could be high. We are assuming this because the Dharma-Lyca deal was nearly closed. The changes in the plan at the last moment flipped the picture.
If the deal between Jio and Dharma becomes a success then it would be a win-win for both. As Jio Studios has been doing great, Karan Johar is also no less a renowned producer.
Jio Studios has slowly and steadily become a studio of name and fame. The debut movie of the Studios was a surprise hit, Stree, in 2018. Stree was of the horror-comedy genre. It was produced by Dinesh Vijan’s Maddock Films. Both Maddock and Jio then partnered on several films like Luka Chuppi (2019), Made In China (2019), Bala (2019), Love Aaj Kal (2020), Angrezi Medium (2020) and Roohi (2021).
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