‘Neerja’ makers & Bhanot family get into legal spat
The makers of ‘Neerja’ (2016) and the Bhanot family have got into a legal dispute over the profit share of the film.
According to Deccan Chronicle, the Bhanot family is unhappy with the makers of the film for not abiding by the 10% share of its box office collections.
Aneesh Bhanot, brother of the late Neerja Bhanot, said, “I will not comment on this issue at this stage. All I can tell you is that we will not tolerate injustice.”
Co-producers of ‘Neerja’ Bling Unplugged released a long statement today:
At the outset, again we’d like to say that we are immensely grateful that the Bhanot family trusted us with making a movie on the life of braveheart, Neerja Bhanot. We started the exercise of making a difficult movie with utmost honesty and the effusive acclaim the film has received is testament to the fact that we succeeded in our endeavour.
The facts of the case are simply thus:
Bling Unplugged had acquired the rights to make ‘Neerja’ from the Bhanot family. The agreement between Bhanots and Bling clearly spelt out that Bhanots would be paid a fixed upfront amount (which was paid as per the timelines) and a variable amount, which was to be computed as a share of net profits that Bling would receive.
It was always abundantly clear that we would partner with a studio, in this case FoxStar India. The Bhanot family was always aware of the same and have in fact met the studio reps on many occasions. To imply otherwise is simply untrue.
Integrity is a very important aspect of Bling’s values and Bling is committed to meeting all its contractual commitments. All financial transactions post release have been shared with the Bhanot family immediately and in a transparent manner.
Their share of the profits, which is a share of ours, has been immediately offered.
They have declined to accept the same and now wish to get a share of the studio profits. This is effectively a retrospective negotiation and not as per what is signed by them years ago.
It is unfortunate that despite having a clear contractual arrangement the Bhanots have decided to dispute the financial understanding at this belated stage.
To reiterate, the amounts due to the Bhanots, as per the existing contract have been repeatedly offered by us to them. To imply anything otherwise, is simply untrue.
