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Dilwale box office collections: Film mints Rs 150 cr, but Shahrukh Khan forced to offer refunds to distributors

Wed February 10 2016, 3:07 pm
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    Dilwale box office collections were big at around Rs 150 crore, but far as Shahrukh Khan is concerned, they were not big enough. The Rohit Shetty directed film Dilwale, which released in December, 2015, was produced by Red Chillies and Rohit Shetty Productions, but despite presence of Shahrukh Khan and huge promotions, the film did not perform as expected at the box office. However, now months after its release we hear that Shahrukh Khan, whose production Red Chillies took over the distribution of the film in India, has decided to compensate individual distributors to a certain extent for the losses incurred with refunds. (AP)

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    In fact back in 2001 and 2005, Shahrukh Khan had refunded the individual distributors of his films Asoka (Eros) and Paheli (UTV), after both films underperformed at the box office. As a direct result of the actor's 2001 film Asoka underperforming at the box office, Shah Rukh's subsequent release Chalte Chalte was sold for a much lower price. On similar lines after the failure of Paheli, distributors of Shahrukh Khan's next venture Om Shaanti Om were given first right of refusal to acquire the film. (AP)

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    Recently admitting Dilwale's underperformance at a press conference Shahrukh Khan had said, "I don't think the film has done as well as it should have. I am personally disappointed with that", well now the actor has decided on reimbursing 50% of the losses incurred by the distributors. However, the interesting part here is that as of last count Dilwale had done approx. Rs 150 cr net business in India and Rs 174 cr gross in the overseas markets, while the satellite rights were sold for Rs 70 cr to Sony MSM. Music rights of the film were sold to Sony for Rs 18 cr. With the sale of these rights Shahrukh Khan quite literally made a killing on the project earning close to Rs 150+ crore as profit! (AP)

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    Shahrukh Khan had set a domestic distribution target with a minimum guarantee (MG) of Rs 130 cr; but since Dilwale box office collections were around Rs 150 cr at the India B.O., the distributors share would have amounted to approx. Rs 70 cr to 75 cr which meant a loss of around 55 cr to 60 cr cumulatively for the individual distributors pan India. (AP)

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    According to our reports, Shahrukh Khan has refunded close to Rs 25 cr to cover up 50% loss to distributors asking them to bear the rest. If that wasn't all, sources close to the actor and his production mention that Shahrukh Khan has in fact, prima facie also consented to these distributors getting first right of refusal for his next release Raees.(AP)

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