Bhagnanis v/s Netflix: ₹47cr feud ends with ₹20cr settlement
What's the story
Pooja Entertainment, a leading Bollywood production house owned by Vashu and Jackky Bhagnani, has reportedly settled its year-long feud with streaming giant Netflix. The dispute started in 2024 when Vashu accused Netflix of cheating and alleged that the company owed him a total of ₹47.37 crore. Now, according to the Free Press Journal, both sides have reached an amicable settlement with Netflix allegedly paying over ₹20 crore to the Bhagnanis.
Fresh start
Pooja Entertainment and Netflix aim for future collaboration
An insider told Bollywood Hungama that both parties have decided to "bury the hatchet and start afresh." They are now looking at a strong and long-term relationship in the future. This comes after a major legal showdown between Pooja Entertainment and Netflix, which was sparked by non-payment allegations over streaming rights for films like Mission Raniganj, Bade Miyan Chote Miyan, and Hero No. 1.
Legal action
Pooja Entertainment had sought legal action against Netflix
The feud intensified when Pooja Entertainment filed a complaint with the Economic Offences Wing (EOW) of the Mumbai Police. Senior Inspector Ravindra Avhad told Hindustan Times, "This amount of ₹47.37 crore is what Netflix owes to the complainant, Vashu Bhagnani. But Netflix is not cooperating." Despite two summonses, Netflix reportedly didn't show up and didn't respond to an official letter sent by EOW.
Counterclaim
Netflix denied allegations, claimed Pooja Entertainment owed them money
Responding to the allegations, Netflix had said that the claims were "completely unfounded" and claimed it was actually Pooja Entertainment who owed them money. The counterclaim only added another layer of complexity to the already convoluted legal dispute between the two entertainment giants. However, with the recent settlement, both parties appear eager to put this controversy behind them and focus on future collaborations.