New Delhi, March 10: Entertainment conglomerate Yash Raj Films (YRF) has withdrawn its over 10-year-old distribution deal with filmmaker Karan Johar`s Dharma Productions, saying it is a "purely business decision".
"They respected and accepted this. It is purely a business decision," Gangjee said.
YRF`s association with Johar dates back to the director`s first movie "Kuch Kuch Hota Hai" in 1998. It has since then been distributing all of Johar`s productions, including "Kabhi Khushi Khabie Gham", "Kabhi Alvida Naa Kehna" and "Dostana".
The distribution rights of the his forthcoming films "Wake Up Sid" and an untitled Rensil D`Silva project starring Kareena Kapoor, Vivek Oberoi and Saif Ali Khan, were also offered to the company. But the deal did not materialise and was instead sealed with Ronnie Screwvala`s UTV Motion Pictures in Mumbai Monday.
Regarding his association with UTV, Johar said in a statement: "I have known and been in touch with Ronnie for a long time and I am glad I am finally getting a chance. His passion and sensibility towards understanding cinema is exceptional and I am looking forward to working with his company."
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