Karan Johar parts ways with Bunty Sajdeh, buys out his 45% stake in DCA talent agency
The Indian film 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, the CEO of Serum Institute of India, acquired a 50% stake in Dharma Productions for a whopping ₹1,000 crore. The acquisition marked a significant investment in the Indian film industry, and it seems that Poonawalla is keen on expanding Dharma’s reach and influence in the entertainment sector.
The Dharma Cornerstone Agency (DCA) was a joint venture between Karan Johar’s Dharma Productions and Bunty Sajdeh’s Cornerstone, with the latter holding a 45% stake in the company. The agency was responsible for managing the careers of several high-profile celebrities, including Alia Bhatt, Varun Dhawan, and Kiara Advani, among others. However, with the acquisition of Cornerstone’s stake, DCA will now be rebranded as Dharma Collab Artists Agency, marking a new chapter in the company’s history.
Karan Johar’s decision to part ways with Bunty Sajdeh and buy out his stake in DCA is seen as a strategic move to consolidate Dharma’s position in the industry. With Poonawalla’s investment, Dharma Productions is now poised to expand its operations and explore new avenues in the entertainment sector. The acquisition of DCA is expected to give Dharma a significant edge in terms of talent management, with the company now having complete control over the agency.
The news of Karan Johar and Bunty Sajdeh’s parting of ways has sent shockwaves in the industry, with many speculating about the reasons behind the split. However, sources close to the development have indicated that the decision was amicable, with both parties agreeing to go their separate ways. Sajdeh’s Cornerstone will reportedly continue to operate independently, with the company focusing on its other ventures and interests.
The rebranding of DCA as Dharma Collab Artists Agency is expected to be a significant game-changer in the talent management space. With Dharma’s expertise in film production and Poonawalla’s financial backing, the agency is poised to become a major player in the industry. The company will reportedly focus on nurturing new talent, as well as managing the careers of established celebrities.
In a statement, Karan Johar expressed his excitement about the new chapter in Dharma’s history, stating that the company is committed to creating new opportunities for talent in the industry. He also thanked Bunty Sajdeh for his contribution to DCA, wishing him all the best for his future endeavors.
The acquisition of DCA and the rebranding of the agency as Dharma Collab Artists Agency marks a significant milestone in Dharma Productions’ history. With Adar Poonawalla’s investment and Karan Johar’s vision, the company is poised to become a major force in the Indian film industry. As the entertainment sector continues to evolve, it will be interesting to see how Dharma Collab Artists Agency navigates the changing landscape and creates new opportunities for talent in the industry.
In conclusion, the news of Karan Johar parting ways with Bunty Sajdeh and buying out his stake in DCA is a significant development in the Indian film industry. With the rebranding of DCA as Dharma Collab Artists Agency, Dharma Productions is poised to become a major player in the talent management space. As the company embarks on this new chapter, it will be exciting to see how it navigates the changing landscape of the entertainment sector.
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