Karan Johar broke the silence to sell 50 percent religion productions to Eder Poonwal for Rs 1000 crore: ‘I needed money to grow’. Hindi film news
In 2024, Karan Johar made headlines for selling 50 percent stake of his production company, Religion ProductionsEdar Poonwale, CEO of Serum Institute of India, was shocked for Rs 1,000 crore. In a recent conversation with Raj Shamani, the filmmaker opened the inspiration behind the move citing the need for development and long -term expansion.His father inherited Yash JoharThe reputation, not financial securityTalking about the development of religious productions, Karan admitted that while his father Yash Johar founded the company, its success is only in his direction since 1998, his direction is Kuch Kuch Hota. Karan highlighted his father’s emotional and iconic heritage, saying, “Kuch Kuch Hota, we had five flops in a row. I inherited my father.Karan also reflected on the earlier partner models of filmmaking in religion, showing that most of the profits were to be shared with the partners. He said, “We could not give finance to films on our ability, so our biggest hits were partners. But I wanted profitability to live within religion. When I stopped doing allies,” he said.After 1998, a hit like Kabi Khushi Kabi Gum, Kal Ho Na Ho, and Kabi Alvida Na Kehna changed the tide for religious-production. But it was not an easy journey. After his father’s death in 2004, Karan bowed to his childhood friend and the current CEO of religion, Apoorva Mehta. Karan said, “He left his life in London overnight to help me. Till date, I have zero business, but a strong instinct. Apoorva handles business, I handle creative,” Karan said.Strategic partnership with other PoonwalExplaining why he brought Adar Poonwal on board as an equity partner, Karan said, “In 2023, we realized that we have to measure. Organic development must have taken us 5-7 more years. We needed capital. Today, I am very happy.
Karan also addressed criticisms that religion did not have a particularly profitable 2024. “Kill was severely appreciated, Sri and Mrs. Mahi made money, bad news was beneficial, Jigra was also broken. Now we are producing our first Punjabi film Ukala, and Dhadak 2 is coming soon.Considering the high and climbing of showbiz, Karan concluded with the specialty Cander: “I do not take success or failure in the heart. I have no objection to a flop.
