Karan Johar parts ways with Bunty Sajdeh, buys out his 45% stake in DCA talent agency
The entertainment industry is abuzz with the latest news of Karan Johar and Adar Poonawalla-led Dharma Productions acquiring Cornerstone’s stake in Dharma Cornerstone Agency (DCA) and relaunching it as Dharma Collab Artists Agency. This significant move marks the end of Karan Johar’s partnership with celebrity manager Bunty Sajdeh, whose company Cornerstone had a 45% stake in DCA. The news was confirmed by Karan Johar himself, who took to Instagram to announce the parting of ways with Sajdeh.
This major restructuring move comes after Adar Poonawalla acquired a 50% stake in Dharma Productions for a whopping ₹1,000 crore. The acquisition marked a significant milestone for Dharma Productions, and it seems that the company is now looking to expand its horizons and explore new avenues. The buyout of Cornerstone’s stake in DCA is a strategic move that will allow Dharma Productions to have complete control over the talent agency and make decisions that align with its overall vision.
Dharma Cornerstone Agency (DCA) was formed in 2020 as a joint venture between Dharma Productions and Cornerstone. The agency was established with the aim of providing a platform for new and emerging talent in the entertainment industry. Over the past few years, DCA has represented some of the biggest names in Bollywood, including Alia Bhatt, Varun Dhawan, and Kiara Advani. However, with the buyout of Cornerstone’s stake, the agency will now be rebranded as Dharma Collab Artists Agency and will operate under the umbrella of Dharma Productions.
The parting of ways between Karan Johar and Bunty Sajdeh marks the end of an era. Sajdeh’s company Cornerstone has been a major player in the celebrity management space, and his partnership with Karan Johar had yielded significant results. However, it seems that the two have decided to go their separate ways, and Sajdeh will no longer be involved with DCA.
Karan Johar’s decision to buy out Cornerstone’s stake in DCA is a testament to his commitment to expanding Dharma Productions’ reach and influence in the entertainment industry. With the acquisition of DCA, Dharma Productions will now have complete control over the talent agency and will be able to make decisions that align with its overall vision.
The news of Karan Johar parting ways with Bunty Sajdeh has sent shockwaves through the entertainment industry. Many have taken to social media to react to the news, with some expressing surprise and others praising Karan Johar’s bold move. The acquisition of DCA is a significant development, and it will be interesting to see how Dharma Productions plans to utilize the talent agency to further its goals.
In a statement, Karan Johar expressed his gratitude to Bunty Sajdeh for his contributions to DCA. He also stated that the decision to buy out Cornerstone’s stake was a strategic one, aimed at expanding Dharma Productions’ reach and influence in the entertainment industry. With the acquisition of DCA, Dharma Productions is poised to become an even more significant player in the Bollywood landscape.
As the entertainment industry continues to evolve, it is clear that Karan Johar and Dharma Productions are committed to staying ahead of the curve. The acquisition of DCA is a significant move, and it will be interesting to see how the company plans to utilize the talent agency to further its goals. With Adar Poonawalla’s investment in Dharma Productions, the company is now well-positioned to take on new challenges and explore new opportunities.
In conclusion, the news of Karan Johar parting ways with Bunty Sajdeh and buying out his 45% stake in DCA is a significant development in the entertainment industry. The acquisition of DCA marks a major restructuring move for Dharma Productions, and it will be interesting to see how the company plans to utilize the talent agency to further its goals. With Karan Johar at the helm, Dharma Productions is poised to continue its dominance in the Bollywood landscape.
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