Subhash Ghai's loss has turned out to be a huge gain for Bhushan Kumar of T Series. Lately, Adlabs purchased the worldwide rights for the Himesh Reshammiya starrer Karzzzz for an enormous Rs 35 crore not including the music and video rights which are with T Series.
Bhushan Kumar bought the rights of the film for a worthless sum of Rs 3 crore from Karz's original filmmaker Subhash Ghai. Incidentally, Ghai was also given the option of being a 40 per cent partner in the film. However, Ghai did not forecast Karzzzz being such a big money maker and turned down the offer. He chose to take only Rs 3 crore and not be a partner in the remake.
Ghai was very surprised when he saw the amount of money that Karzzzz has already generated. He never expected Adlabs to buy it for Rs 35 crore that too without the music and video rights.
Himesh Reshammiya composes the music of Karzzzz. Besides the music, T Series has also retained the video rights and hence all the money generated from the DVD and VCDs will go in their kitty. Ghai definitely did not make a wise decision by turning down the partnership offer.
Initially Subhash Ghai was disappointed for missing the opportunity. It is a business decision that went wrong.
Rajesh Sawhney of Adlabs is very happy about acquiring the rights of Karzzzz. He said that Karzzzz is a combination of Himesh's talent and a classic hit film. They are confident that Karzzzz will remake history.
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