T-Series and RGV: The Inside Story

The story began in June 2006 when Ram Gopal Varma assigned 'Audio & Home Video' rights of his 14 forthcomings films including Sarkar Raaj to T-Series vide agreement dated 13th June 2006 and T-Series paid Rs.50 lakhs as a part payment. A MoU / Assignment deed was executed between RGV and T-Series for Assignment of Audio & Home Video Rights of 14 cinematograph films and for promoting his films amongst general public to serve their common purpose. T-Series paid towards the promotion of the films, which released under the said MoU /Assignment namely, Nishabd, Shiva, Darwaza Bandh Rakho and RGV Ki Aag. Such payments made by T-Series were duly acknowledged by RGV and the monies were adjusted against the payments that were to be made by T-Series for the rights granted under the said MoU / Assignment Deed. By May 2007, on request from RGV, T-Series had been liberally spending on the publicity of the films of RGV, on assurances about the quality of the films, but having seen the performance of past films T-Series requested for re-negotiation of the prices and terms of the MoU / Assignment Deed. T-Series and RGV mutually agreed for downward revision of the consideration amount for the upcoming projects and settled the past loss making projects on an already incurred basis. The same was accepted and confirmed by RGV and a letter was also issued by RGV dated 18-7-2007. Also, on a written request from RGV, T-Series relinquished the rights of the film Go from the said 14 film so assigned under the MoU / Assignment Deed. Pursuant to such release, T-Series issued a letter dated 20-7-2007 and a Public Notice dated 20th July 2007, in the industry magazine
T-Series and RGV: The Inside Story

Catch us for latest Bollywood News, New Bollywood Movies update, Box office collection,New Movies Release, Bollywood News Hindi, Entertainment News, Bollywood News Today & upcoming movies 2024 and stay updated with latest hindi movies only on Bollywood Hungama.