Distributor cheated Baahubali producers

Arka Media Works is a production company, known for their works in Television, Telugu cinema, and Bollywood. Arka Media is Founded in 2001 by Shobu Yarlagadda, and Prasad Devineni. Everybody is aware of that Shobu Yarlagadda and Prasad Devineni had produced Baahubali series (Baahubali: The Beginning and Baahubali 2:The Conclusion).  The Baahubali producers Shobu Yarlagadda and Prasad Devineni  are cheated by Baahubali TamilNadu distributor Rajarajan.

Arka Media works has sent a legal notice to its Tamil Nadu distributor, SN Rajarajan of K Productions, for not clearing a portion of the dues per contract.

Baahubali : The Conclusion’ Tamil version was distributed by noted Tamil film distributor Rajarajan of K Productions. Before the film’s release, Rajarajan handed over  a cheque for Rs 17.60 Cr to Shobu and Prasad. But later the  cheque was bounced due to insufficient funds.  The producers Shobu Yarlagadda, and Prasad Devineni approached the Hyderabad city court, the court had directed Rajarajan to clear the dues before 26th February. The court had also ordered Rajarajan to furnish the security for the said amount. However, Rajarajan has reportedly failed to honour the court’ order and Arka Media Work’ legal team has slapped yet another notice to him. Everyone is shocked after hearing because  Rajarajan had made heavy profits by distributing Baahubali 2: The conclusion in Tamil Nadu.

 Arka Media’s advocate, Pujitha Gorantla says, “Rajarajan had acquired the theatrical rights of SS Rajamouli’s directorial venture Baahubali: The Conclusion, which was released on 28th April, 2017, for the entire Tamil Nadu and is yet to pay Rs 17.60 Cr of the contract amount to my clients Shobu Yarlagadda, and Prasad Devineni.

from topstories – Tollywood https://ift.tt/2FAlb7Z
via IFTTT