Karan Johar parts ways with Bunty Sajdeh, buys out his 45% stake in DCA talent agency
The Indian film industry has witnessed a significant development, with 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 move marks a major restructuring effort after Poonawalla acquired a 50% stake in Dharma for a whopping ₹1,000 crore. As part of this development, Karan Johar has confirmed parting ways with celebrity manager Bunty Sajdeh, whose Cornerstone had a 45% stake in DCA.
The news of Karan Johar and Bunty Sajdeh ending their partnership at Dharma Cornerstone Agency has sent shockwaves throughout the industry. The two had joined forces to launch DCA, with the aim of creating a premier talent management agency in India. However, it appears that their partnership has come to an end, with Karan Johar opting to buy out Bunty Sajdeh’s 45% stake in the agency.
This development is a significant one, as it marks a new chapter in the history of Dharma Productions. With Adar Poonawalla’s investment, the production house has been infused with fresh capital, which is expected to fuel its growth and expansion plans. The acquisition of Cornerstone’s stake in DCA is a strategic move, as it will enable Dharma Productions to have complete control over the agency and its operations.
Karan Johar took to Instagram to confirm the news, stating that he has parted ways with Bunty Sajdeh and acquired Cornerstone’s stake in DCA. He expressed his gratitude to Bunty Sajdeh for their partnership and wished him all the best for his future endeavors. Karan Johar also announced the relaunch of DCA as Dharma Collab Artists Agency, which will continue to represent some of the biggest names in the Indian film industry.
The decision to part ways with Bunty Sajdeh is reportedly amicable, with both parties agreeing to go their separate ways. Bunty Sajdeh’s Cornerstone will continue to operate as a separate entity, managing the careers of several high-profile celebrities. The split is expected to have a significant impact on the talent management landscape in India, as both Dharma Collab Artists Agency and Cornerstone will be major players in the industry.
The Indian film industry has witnessed a significant shift in recent years, with the rise of talent management agencies playing a crucial role in shaping the careers of celebrities. Dharma Cornerstone Agency was one of the most prominent agencies in the country, representing a roster of A-list celebrities. With the relaunch of DCA as Dharma Collab Artists Agency, Karan Johar is expected to leverage his production house’s resources and expertise to take the agency to new heights.
The acquisition of Cornerstone’s stake in DCA is also expected to have a positive impact on Dharma Productions’ business. With complete control over the agency, the production house will be able to integrate its operations more closely, creating a more streamlined and efficient system. This will enable Dharma Productions to focus on its core business of film production, while also expanding its reach and influence in the industry.
In conclusion, the news of Karan Johar parting ways with Bunty Sajdeh and acquiring Cornerstone’s stake in DCA is a significant development in the Indian film industry. The relaunch of DCA as Dharma Collab Artists Agency marks a new chapter in the history of Dharma Productions, and is expected to have a major impact on the talent management landscape in India. With Adar Poonawalla’s investment and Karan Johar’s vision, Dharma Productions is poised for growth and expansion, and is expected to continue playing a major role in shaping the Indian film industry.
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