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Aagadu - A Debt Clearance Machine!
By: Tupaki Desk | 1 Sep 2014 2:10 PM GMT
It is known that Eros Internationals has entered into a deal with 14 Reels for Mahesh Babu starrer '1 - Nenokkadine' for a joint theatrical release. As a result, Both the production houses incurred huge losses following the rejection from movie lovers.
Apparently, 14 Reels has given an assurance to Eros Internationals that a major share in the theatrical rights of 'Aagadu' will be offered to them as a measure to compensate the loss of '1 - Nenokkadine'. Making it true, The new posters of 'Aagadu' have the Eros logo and the statement 'An Eros International Release'.
Sources say, Both 14 Reels and Eros Internationals jointly suffered a loss of Rs 25 crore to Rs 30 crore because of '1 - Nenokkadine' as the film is a Rs 70 crore experiment. While the full run theatrical share is Rs 29 crore, Makers managed to pocket Rs 12-15 crore through the sale of audio and satellite rights.
Hope, 'Aagadu' will make 14 Reels debt free and give Eros their first hit this year.
Apparently, 14 Reels has given an assurance to Eros Internationals that a major share in the theatrical rights of 'Aagadu' will be offered to them as a measure to compensate the loss of '1 - Nenokkadine'. Making it true, The new posters of 'Aagadu' have the Eros logo and the statement 'An Eros International Release'.
Sources say, Both 14 Reels and Eros Internationals jointly suffered a loss of Rs 25 crore to Rs 30 crore because of '1 - Nenokkadine' as the film is a Rs 70 crore experiment. While the full run theatrical share is Rs 29 crore, Makers managed to pocket Rs 12-15 crore through the sale of audio and satellite rights.
Hope, 'Aagadu' will make 14 Reels debt free and give Eros their first hit this year.
