Mythri Movie Makers, one of the leading production houses at present, made early inroads in Tollywood by delivering back to back blockbusters with Srimanthudu and Janatha Garage. They are aggressively churning out back to back big ticket films.
Despite having a solid lineup of projects, the producers of Mythri Movie Makers are in a spot of bother.
Rangasthalam pre release business is lukewarm
In the making for a long time, Ram Charan – Sukumar’s Rangasthalam is not getting the desired business deals in Telugu states. In Nizam, the film was supposed to do a pre release business to a tune of 20 Crores. Disappointingly, there are just offers in the range of 15-16 Crores. Similarly, the production is looking for a 12-14 Crore deal in Ceded. But, the business is likely to close at 9 Crores.
In Andhra, the film is expected to do a business of 35 Crores. Unfortunately, buyers are willing to come forward only if it the rights are valued at 30 Crores.
The production house has incurred heavy interests due to the long delay in the project. Initially, they hoped to bag good profits banking on the crazy combination. However, they are likely to scrape through only with little profits ( 10-12 Crores) due to the Amazon deal.
Advances paid to Pawan Kalyan and director
Long back, Pawan Kalyan committed to work for a film, to be directed by Santosh Srinivas, under Mythri Movies banner. They paid an advance of 9 Crores to Pawan two years ago. And few months ago they paid the remaining amount( total 20 Crores as remuneration) as Pawan promised to start their project first despite other commitments. Additionally, Mythri has been bearing all expenses on the pre production activities of the project.
With Pawan Kalyan taking to full time politics, there is no clarity on when he will work on this project. Even though he returns the money, they will lose the interest and other expenses spent till now on the project.
Even though Mythri has given back to back blockbusters, it is not a easy ride for Mythri.
They have Naga Chaitanya’s Savyasachi lined up next and few more interesting films for the next couple of years.
