The release of magnum opus Damarukam delayed for over a month now (from Oct 11 to Nov 9) due to financial crisis and if the producer couldn't collect additional funds before the next 10 days, then the film could be postponed further.
Despite doing a good pre-release business of Rs 31 crore (also highest for Nag's film till date), at least additional Rs 11 crore were required to release this Rs 42 crore film. Producer Venkat (RR Movie Makers) who had invested Rs 28 crore in the film upto now is now reluctant to spend few more bucks from his pocket.
According to he trade, the business range of Nagarjuna's film is anywhere between Rs 20 crore to Rs 30 crore depending on the genre and spending more than that is highly risky. Although the estimated budget of Damarukam was less than Rs 35 crore, it ended up costing over Rs 40 crore.
The buzz making rounds in the Industry is that if Nag could sacrifice his remuneration (around Rs 6 crore) taken for the film, then the hurdles for smooth release of this graphical extravaganza will be almost cleared.
Despite doing a good pre-release business of Rs 31 crore (also highest for Nag's film till date), at least additional Rs 11 crore were required to release this Rs 42 crore film. Producer Venkat (RR Movie Makers) who had invested Rs 28 crore in the film upto now is now reluctant to spend few more bucks from his pocket.
According to he trade, the business range of Nagarjuna's film is anywhere between Rs 20 crore to Rs 30 crore depending on the genre and spending more than that is highly risky. Although the estimated budget of Damarukam was less than Rs 35 crore, it ended up costing over Rs 40 crore.
The buzz making rounds in the Industry is that if Nag could sacrifice his remuneration (around Rs 6 crore) taken for the film, then the hurdles for smooth release of this graphical extravaganza will be almost cleared.
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