Fox Star India denies ‘Bombay Velvet’ financial woes

Production giant, Fox Star India has denied its next film ‘Bombay Velvet’ is in financial trouble.

Mid-Day reported a source saying that since the film has overshot its original budget of Rs 96 crore, Fox has said that the last instalment of Rs 8-9 crore would be released only if the film breaks even.

However, Fox Star India rejected the rumours saying, “Phantom (Anurag Kashyap’s production house) and Fox Star Studios are partners who believe in each other and stand by each other. This information is completely baseless and malicious. Rumours about film being over-budget is also false. We are all excited about the film and gearing up for its release on May 15.”

Anurag Kashyap said, “Fox has not said any such thing. Whoever is spreading these negative stories about Bombay Velvet has probably run out of stories and probably had to invent a fresh one.”

‘Bombay Velvet’ stars Ranbir Kapoor and Anushka Sharma. It releases on 15th May.