FACT CHECK: Ramayana distribution rights sold to Karan Johar for Rs. 350 crores - Biggest of all time, defeating King
The Ranbir Kapoor, Sai Pallavi, Yash and Sunny Deol led Ramayana produced by Namit Malhotra is among the most anticipated releases of the years. Mounted on a budget of Rs. 1500 crores, the first part of the epic saga directed by Nitesh Tiwari is all set for a theatrical release this Diwali. But obviously, everyone is making an attempt to grab the headlines with all possible updates on the film. Earlier in the day, it was revealed that the all-India distribution rights of Namit Malhotra produced-Ramayana have been acquired by Dharma Productions for a sum of Rs. 250 crores. Turns out the amount is a lot higher. Reliable sources confirmed that the Hindi distribution rights of Namit Malhotra's Ramayana have been acquired by Karan Johar for a sum of Rs. 350 crores. "It's the biggest theatrical distribution deal of all time. The Rs. 350 crores fetched by Namit Malhotra's Ramayana is higher than the previous best, King, by a margin of Rs. 100 crores. The expectations are sky...