Viacom18 acquires distribution rights for upcoming Dharma Productions films?

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After talks between Dharma Productions and Lyca Productions fell through, Viacom18 has reportedly stepped in and will distribute all forthcoming projects helmed by Dharma Productions.

A source told Bollywood Hungama, “In what could well be called as one of the biggest acquisition of recent times, Viacom 18 has acquired the distribution rights of Dharma Productions’ entire slate of films”, confirms our source. Ask him for details on the same and he continues, “This deal came about after the deal between Dharma and Lyca Productions fell through. Karan was still on the lookout for a mega production house with good reach to partner with, and Viacom was exactly that.”

Earlier, Dharma Productions had a close tie with Fox Star Studios until its merger with Disney. Their last film outing will be ‘Brahmastra’. The source added, “Post the deal with Lyca turning sour, Viacom quite literally came in at the right time. In fact, some in the trade circles are stating that Viacom rescued Dharma Productions at just the right time.”

Keep it with BizAsiaLive.com for more.

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