This is certainly not a good news for Bollywood
as it is set to lose one of its biggest potential
investors, their proposed investment plans ran
up to nearly 400 cores. Though the news has not
been confirmed by an Adlabs spokesperson it does
have an element of credibility because Adlabs
has been facing huge losses over the last few
months with a few films. With the total losses
in the second half of 2007 till now crossing the
50 crore mark, and with another 50 crore being
already invested in projects in the making any
company would take a break if not completely break
away from production.
The 50 crore loss story began with J.P.Dutta’s
magnum opus Umrao Jaan which incurred a 10 crore
loss (the way the movie performed at the box office
it looked far worse). Then came Anubhav Sinha’s
Cash that lost another 10 crore at the box office.
Salman Khan’s ‘disaster of his career’
Marigold added another 25 crores to the loss column
in the Adlabs balance sheet and (maybe nail in
the coffin) finally along came Ramgopal Varma
with his Aag and burnt a hole in Adlabs’
bank account with another 30 crore loss.
Surprising indeed, in a season that has seen
many big hits in Bollywood (Partner, Chak De India,
Hey Baby etc.) Adlabs continuously managed to
hit the biggest duds of the year consistently.
Adlabs did have a good beginning to the year with
Guru and in Kollywood with Ajith’s Kreedom.
But all that couldn’t cover up for the 50
crore thrashing that they have taken.
There have been sources that have denied the
news about Adlabs quitting. One hopes it is true
because this is one place where the big money
for big projects can come from.