A couple of months ago, the Page 3 filmmaker announced his own production banner Madhur Bhandarkar Motion Pictures.
The director had chosen to turn producer in association with Percept Picture Company at the celebration of the ‘success’ of Corporate and unveiling of Traffic Signal. That’s not all, Shailendra Singh, head honcho of PPC also gifted Madhur Bhandarkar a Mitsubishi Land Cruiser.
However, since Traffic Signal didn’t exactly rake in the moolah, Bhandarkar’s production plans have gone awry. According to a source, it’s primarily due to his fallout with PPC, which apparently has placed its own interests on priority .
Our source elaborates, "After the non-show of Jai Santoshi Maa, PPC had assured the film’s distributors that the losses would be adjusted while negotiating for their next project, Traffic Signal. But PPC sold the rights of Traffic Signal to the same distributor at a higher price, even though it cost them only about Rs 4 crore."
The source added, "So when the movie didn’t make the money anticipated, Madhur was only fair to question PPC about the high price they sold it for. His reasoning was that if the film had been sold at a reasonable price, it would have emerged as an average hit. But the high price only saw the film breaking even over a period of time."
The source continued, "When they announced Madhur Bhandarkar Motion Pictures, the plan was to make three films initially. But now Madhur is busy working on Fashion, which is being produced by UTV Motion Pictures. He’s upset with PPC and may not make any film with them. In case he does, he will only direct it, but of course after Fashion."
Bhandarkar differs, "Traffic Signal made money. Shailendra Singh is like a brother to me. I don’t know where these rumours are coming from. We do have three-four projects in the offing, he’ll handle the business part and I’ll look after the creative aspect.
"I’m working on a couple of scripts, listening to ideas, apart from working on Fashion. It’s too early to say when we’ll make the next announcement, it all depends on what subject we both like and how it develops."
Alright, we believe!