 "Vashu Bhagnani, Jackky Bhagnani’s Pooja Entertainment & Netflix settle year long dispute over Akshay Kumar's disasters Mission Raniganj & Bade Miyan Chote Miyan with Rs 20 crore")
The year-long dispute between Vashu Bhagnani and Jackky Bhagnani’s production house Pooja Entertainment and OTT giant Netflix has been finally settled with the latter paying a substantial amount to resolve the issue.
“Both the parties agreed on a settlement. Netflix has paid the Bhagnanis a substantial amount to end the matter. The exact figure is only known to the head honchos but it is believed to be over Rs. 20 crores,” said a source to Bollywood Hungama.
“Both Netflix and Vashu Bhagnani-Jackky Bhagnani have now decided to make a fresh start and are hoping to have a great, long association with each other,” the source added.
Last year, V ashu Bhagnani and Jackky Bhagnani sued Netflix for cheating and non-payment of dues of nearly Rs. 47.37 crores.
“This amount of Rs. 47.37 crore is what Netflix owes to the complainant, Vashu Bhagnani. But Netflix is not cooperating. We sent them two summonses, but they are not appearing. They haven’t replied to the letter sent to them by us. Bhagnanis came to us in April, we recorded their statements and collected the required documents. Netflix asked for some time, but aaye hi nahin. Lower level ke staff ko bhej dete hain statement ke liye, but it is Monika Shergill (Content Head, Netflix India) who should appear,” Senior Inspector Ravindra Avhad had told HT City at that time.
Netflix had denied the accusations at that time and said, “These claims are completely unfounded — indeed it’s Pooja Entertainment that owes Netflix money. We have a strong track record of partnership with the Indian creative community and are working with the authorities to resolve this dispute.”
The Production House and OTT giant have now renewed their partnership and planning to make their collaboration fruitful by giving quality content to the global audience.