Sunday, 8 December 2013

Eros bought rights of film for whopping amount By Lipika Varma/ Published Monday, December 09, 2013

Eros bought rights of film for whopping amount

The rights of Mahesh Babu starrer, 'Nenokkadine' has been dealt for a whopping Rs 72 crore by Eros International. Mahesh's earlier film ‘Athidi’ was bought by UTV Movies.

Initally, Eros International officials refused to comment but being probed further, the officials confirmed, “Yes we have purchased the rights of Mahesh Babu-starrer '1' ('Nenokkadine').” So, the audiences will experience another South remake on the Hindi silver screen next year.

Our close sources reveal, “Yes, this is the first time that a Telugu film has been able to attract buyers for such an exorbitant amount. This tie-up also makes way for the film to be screened in several countries.” And added, "It will be released in as many screens as possible. This widens the film's market."

However, Tollywood producers will handle the film’s release and distribution. Gemini channel has paid Rs 12.5 crore, the highest for a Telugu film so far and the Hindi channel rights have been bought for Rs 4 crore. While Aditya and Lahari are vying for the audio rights. "As of now, the price stands at Rs 65 lakh but it could go higher," the source adds.

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