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Renowned Bollywood producer Vashu Bhagnani has accused Netflix India of defrauding him of ₹47.37 crore over film rights, leading to an investigation by the Mumbai police’s Economic Offences Wing (EOW). The complaint, filed by Bhagnani, alleges that the streaming giant failed to make payments for the rights to three of his recent Hindi films—Hero No 1, Mission Raniganj, and Bade Miyan Chote Miyan.
According to a police official, Bhagnani claims that the payments due for these films were not received from Netflix. The complaint targets Los Gatos Production Services India, the arm through which Netflix manages its content investments in India, as well as Zoo Digital India and several executives from both companies.
In response to the allegations, Netflix has categorically denied Bhagnani’s claims, asserting that it is, in fact, Pooja Entertainment that owes them money. A spokesperson for Netflix stated, “These claims are completely unfounded—indeed it’s Pooja Entertainment that owes Netflix money. We have a strong track record of partnership with the Indian creative community and are working with the authorities to resolve this dispute.”
As the investigation unfolds, the matter has sparked significant attention within the Bollywood and streaming sectors, raising questions about contractual obligations and financial transactions in the rapidly evolving entertainment landscape. The EOW is expected to delve deeper into the financial dealings between Bhagnani’s firm, Pooja Entertainment, and Netflix as they seek to clarify the claims made by both parties.
The outcome of this dispute could have implications for future collaborations between Bollywood producers and streaming platforms, highlighting the complexities of film rights and financial agreements in the digital age.
Sources By Agencies
