PVR INOX Pictures has publicly addressed speculation regarding its alleged dispute with Vashu Bhagnani and Pooja Entertainment. The company has firmly denied claims of any public fallout, stating that its long-standing relationship with producer Vashu Bhagnani's family remains cordial and professional.
The clarification comes at a time when Pooja Entertainment is already making headlines over a separate legal battle involving music rights connected to David Dhawan's upcoming comedy film.
PVR INOX Pictures has entered into a theatrical distribution agreement with Pooja Entertainment for three major releases, but the distribution company has advanced close to ₹100 crore under a refundable agreement tied to the films' theatrical performance.
However, all three films reportedly struggled commercially at the box office, leading to significant losses. The speculation further suggested that after recoveries, nearly ₹50 crore allegedly remained unpaid and that the discussions involving luxury Mumbai properties were explored as part of a possible settlement arrangement between the parties.
PVR INOX Pictures has issued an official statement on social media distancing itself from the claims and clarifying that the situation had been exaggerated publicly.
The company stated that both parties continue to share a respectful professional relationship built over years of collaboration and that commercial reconciliations and negotiations are common within the film business and are usually handled privately.
Interestingly, the statement also singled out producer Jackky Bhagnani for appreciation, praising his approach during discussions between both companies.
Meanwhile, Pooja Entertainment has filed a ₹400 crore lawsuit against Tips Industries Limited, Ramesh Taurani, Kumar S Taurani, and filmmaker David Dhawan over the use of songs from the 1999 hit film Biwi No.1 in David Dhawan's upcoming film Hai Jawani Toh Ishq Hona Hai.
