Anurag Kashyap, Vikramaditya Motwane and Vikas Bahl’s stakes in Phantom Films bought by Madhu Mantena

Phantom Films partners Anurag Kashyap, Vikas Bahl, Vikramaditya Motwane, and Madhu Mantena had decided in October 2018 to not work toegther anymore. Anurag had tweeted on his social media talking about the departure from Phantom Films, “And all dreams come to an end. We did our best and we succeeded and we failed, but I know for sure we are all stronger and wiser and will continue to pursue our dreams in our own individual ways.”

Well, looks like now there has been a change in the shareholders of he production house. According to a report by ETimes, Anurag Kashyap, Vikas Bahl and Vikramaditya Motwane have bowed out of the company.

The production house was a joint venture between Mantena-Kashyap-Motwane-Bahl (50 per cent) and Reliance Entertainment (50 per cent). The report further says that Madhu has bought the 12.5 per cent share each of Kashyap, Motwane and Bahl after their exit. As a result of this, Phantom Films will now be a joint venture between Madhu Mantena’s new company Mad Man Ventures and Reliance Entertainment. Both parties are holding a 50 per cent share now.

 

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A souce revealed to the portal that was later confirmed by Mantena, “One thought it was all over for Phantom Films as a brand but Madhu had ideas to keep it alive. He got in touch with Kashyap, Motwane and Bahl and expressed an interest to buy their stakes. The three of them agreed, the modalities were worked out quickly, the deal was made amicably.” Phantom Films produced many films, Lootera, Queen, NH 10, Bombay Velvet and Manmarziyaan among others.

Stay tuned to this space for more updates.

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