Karan Johar's Dharma Prod to Sell Major Stake To Saregama India After Rs 1,044.16 Cr Revenue in 2022-23?

Karan Johar-owned Dharma Productions is in talks to sell a major stake of the company to Saregama India Ltd, a new report has claimed. Karan Johar is the producer and owner of Dharma Productions whereas CEO Apoorva Mehta. On the other hand, Saregama India Ltd is led by RP-Sanjiv Goenka Group. A new report has said that the teams have come together to discuss potential business collaborations, however, the talks are still on the table.

As per The Mint, Saregama India Ltd recently acquired Pocket Aces Pictures and is now attempting to make a mark in the films and OTT space. The collaboration with Dharma will help them boost their content catalogue. The publication noted that the deal has not reached the final stages yet. Source also noted that the deal may or may not go through.

The outlet claimed that Dharma Productions has been walking a tough road for a while now owing to the volatile box office fortunes and rising star costs. Thus, the production house is seeking for investments from conglomerates and industrialists. Karan has not commented on the business move yet. News18 couldn’t verify these claims at the time of publishing.

The news comes months after it was reported that Dharma Production recorded a revenue of Rs 1,044.16 crore in 2022-23. The production house posted a profit of Rs 10.69 crore. On the other hand, Saregama revealed that they earned a revenue of Rs 790.3 crore and a net profit of Rs 185.1 crore, as reported by Business Today.

Dharma Productions’ Recent Releases:

Karan Johar’s production house has been releasing movies every year and has also been distributing films that they are not co-producers on. Since 2019, Dharma has released Kalank, Student of the Year 2, Drive, Good Newwz (all in 2019); Bhoot – Part One: The Haunted Ship, and Gunjan Saxena: The Kargil Girl (in 2020); Shershaah and Sooryavanshi (in 2020); Gehraiyaan, Jugjugg Jeeyo, Liger, Brahmāstra: Part One – Shiva and Govinda Naam Mera (in 2022), Selfiee, Rocky Aur Rani Kii Prem Kahaani and Kill (in 2023); and Yodha, Mr. & Mrs. Mahi and Bad Newz (in 2024). Dharma is also co-producing the upcoming release, Jigra.

On the distribution front, Dharma recently distributed the Hindi version of Jr NTR’s Devara: Part 1. They were also the Hindi market distributors of RRR.