Investing in movies hasn’t turned fruitful for many actresses in the past. Looks like one more actress has joined the list of failed producers.
Charmi, who is managing partner of Puri Connects has reportedly invested Rs. 6 crore in the film Mehbooba.
She has invested her entire life savings as she believed that Puri is going to hit bull’s eye with the film.
However, Mehbooba turned out to be a nightmare for its makers. Puri Jagan who has sold some properties to ensure smooth making of the movie has run into huge losses.
Theatrical revenues of Mehbooba are so bad that it has already run into deficits in many theaters.
Puri has to pay back the losses of Dil Raju as per prior agreement. Puri and Charmi had high hopes on the film to click at box office. In fact, they had convinced Dil Raju to buy the theatrical rights to generate positive buzz.
Dil Raju is clever enough not to fall in their trap. He took the rights on advance basis, which means the producers have to bear all the monetary losses if any.