Anurag Kashyap To Repay Bombay Velvet’s Costs To Producers, Distributors

Anurag Kashyap’s dream project Bombay Velvet couldn’t hit the right chords with the audiences and hence it turned out to be a disaster at the box office, incurring huge loses. The director has decided to repay the cost to producers and distributors of the Ranbir-Anushka starrer flick, namely Phantom Films and Fox Star Studios. Indeed, that’s a brave decision.

Anurag had been earlier quoted as saying, “My own partner told me that I had made a Rs 90-crore art film and a lot of people had issues with that. I have to live with the burden of losing all that money for the rest of my life. That gives me nightmares”.

Phantom co-founder Madhu Mantena has declined to comment on the news but at the same time said that the producer will stand by what is right. Conversely, a spokesperson from Phantom films has confirmed the news. The source told Mumbai Mirror, “We are beginning with a sum of Rs 10 crore and hope to repay most of the money by the year-end”. 

Source: indianexpress.com