News that David Dhawan was to re-launch to No1 series with son Varun will have excited many within the last week. Now, it’s come to light that Varun may also be set to launch a new production banner with his father and brother Rohit.

Rumour has it that the banner is named ‘No1 Entertainment’. According to a source that spoke to DNA, the scripting is underway for the first film, “The studio has been named No 1 Entertainment after David’s successful ‘No 1’ series. Varun was keen on christening it so; it is his way of paying tribute to his dad”.

Dhawan is currently gearing up for the release of ‘Sui Dhaaga’ opposite Anushka Sharma.