Acharya Director Koratala Siva Pays Rs 33 Crore To Distributors

The filmmakers have already returned a large portion of the amount to distributors and exhibitors.

The filmmakers have already returned a large portion of the amount to distributors and exhibitors.

Chiranjeevi and Ram Charan star Acharya failed at the box office and many distributors suffered heavy losses.

Ram Charan’s Megastar Chiranjeevi and Acharya was released in theaters on April 29, and turned out to be a box office failure. Because of the preconceived hype around the movie, everyone had high expectations from the movie. However, it fell at the box office leaving filmmakers and distributors at a heavy loss.

After the box office disaster; Many distributors wanted to get their money back from the producers. The film was co-produced by Konidela Konidela Productions in Ram Charan in association with Matinee Entertainment. A few distributors even wrote letters to Chiranjeevi asking for his help to make up for their losses.

The filmmakers have already returned a large portion of the amount to distributors and exhibitors. Now, reports emerge that the film’s director Koratala Siva has paid Rs 33 crore to distributors as part of the final statement.

Acharya was produced on a budget of around Rs 140 crore. The film earned a net gross of just over Rs 40 crore at the box office. According to reports, the film incurred in its theatrical run a loss of over Rs 84 crore.

Chiranjeevi, who recently returned from a trip to the US, has reportedly spoken to Siva about the situation. Amazon Prime Video has bought the digital broadcast rights to the movie, and the OTT giant is said to have not yet made the final payment.

While Niranjan Reddy, the film’s producer, volunteered to bear the GST expenses, Chiranjeevi also agreed to pay Rs 10 crore of his wages to cover the losses.

Siva will now soon begin work on his next project with Jr NTR. According to reports, the actor RRR asked the director to solve the issues related to Acharya before starting his next movie. The film’s cast and crew have not been officially announced.

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