Bollywood Blind Item – June 2019 – 6
There was a time when every Bollywood movie started with this studio’s logo. Well, most movies if not all. It was legendary. As the years went by, more movie studios were opened and competition became harder.
Since then, a lot of these studios have shut down or declared bankruptcy. Most likely due to the high prices of Bollywood stars, which the studios happily paid but realized it was too much when some of these films flopped big time!
This particular studio has been struggling to pay its debts off. Its studio head was once a billionaire! Now he is in the paper talking about how he managed to pay off his debts of two months this year.
This was the same man, who 10 years ago spoke about how he wanted his company to be as big as a Hollywood movie studio. We don’t know whether he did manage to get that far, but the debts he accumulated sure makes it look like it was as big as Hollywood.
So many millionaires and billionaires are losing it all in India. Times have indeed change! There was a time when the bad economy only hit commoners, but this time it seems to be hitting only super rich people!
Check out the blind item below from Mumbai Mirror.
THE founder of this old movie studio is a worried man. Things haven’t been good for the tycoon’s business which has been seeing a slowdown in recent months, more so coupled with legal problems.
Now we hear, the said tycoon is desperately seeking funds to repay loans and has been approaching all and sundry for help. A debt trap is what he may get into, which is taking a loan to repay another loan, which he would have seen in the case of an aviation baron recently.
Founder: Kishore Lulla
Old Movie Studio: Eros