Rishi Kapoor confirms RK Studios to be sold

Veteran actor Rishi Kapoor has given confirmation that RK Studios, set up by his father 70 years ago, is set to be sold.

The studio caught fire last year and the Kapoor family arrived at the decision that it’s time to let it go. Kapoor is quoted by Mumbai Mirror, “For a while, we did juggle with the idea of renovating the place with state-of-the-art technology. However, in reality it isn’t always possible for a phoenix to rise from the ashes. We Kapoors are very emotional lot but then…”

He went on to add, “The investment in rebuilding the studio would just not have yielded sufficient revenue to keep it going. Believe me, we had to take the larger picture into account and take a level-headed decision. Even before the fire, for years R. K. Studio had become a huge white elephant, toting up losses. The few bookings we would get from films, TV serials and ad shoots would expect free parking space, air-conditioning and discounts”.

Unfortunately, Film City also seems to be a more popular place for filmmakers wanting to erect sets, due to its location. Kapoor, however, highlighted that the forthcoming generation of Kapoors may not have the same bond he and his brothers have no to take forward the studio, “We brothers are strongly bonded. But who knows about our children and grand-children? What if differences crop up in the next generation? The studio would only end up in litigation as so many industrial and textile estates have. There would be family differences and only lawyers would end up charging heavy sums of fee. Do you think my father would have liked to see his labour of love becoming the subject of courtroom proceedings?”

Stay with BizAsiaLive.com for more