Karan Johar parts ways with Bunty Sajdeh, buys out his 45% stake in DCA talent agency
The Indian film industry is known for its ever-changing dynamics, and the latest development has sent shockwaves throughout the Bollywood circuit. Karan Johar, the renowned film director and producer, has announced his decision to part ways with celebrity manager Bunty Sajdeh, his partner at the Dharma Cornerstone Agency (DCA). In a significant restructuring move, Johar’s production house, Dharma Productions, has acquired Cornerstone’s 45% stake in DCA, thereby buying out Sajdeh’s shares in the talent agency.
This development comes on the heels of Adar Poonawalla, the CEO of the Serum Institute of India, acquiring a 50% stake in Dharma Productions for a whopping ₹1,000 crore. The acquisition marked a significant milestone in the production house’s history, and it seems that Johar is now looking to restructure his business ventures to align with the new partnership.
The Dharma Cornerstone Agency (DCA) was a joint venture between Karan Johar’s Dharma Productions and Bunty Sajdeh’s Cornerstone, a talent management agency that represented some of the biggest names in the Indian entertainment industry. The agency was launched in 2020, with the aim of providing a platform for new and emerging talent to showcase their skills. However, it seems that the partnership between Johar and Sajdeh has come to an end, with Johar deciding to take full control of the agency.
Taking to Instagram, Karan Johar confirmed the news, stating that he has decided to part ways with Bunty Sajdeh and Cornerstone. The post marked the end of an era, as the two had been partners in the talent agency for over two years. Johar’s decision to buy out Sajdeh’s stake in DCA has resulted in the agency being rebranded as Dharma Collab Artists Agency.
The rebranding of the agency is seen as a strategic move by Johar to consolidate his position in the Indian entertainment industry. With the backing of Adar Poonawalla, Johar is now looking to expand his business ventures and explore new opportunities in the film and entertainment space. The acquisition of Cornerstone’s stake in DCA is a significant step in this direction, as it will allow Johar to have full control over the agency and its operations.
The news of Karan Johar parting ways with Bunty Sajdeh has sent shockwaves throughout the industry, with many of their friends and colleagues taking to social media to express their surprise and sadness at the development. Sajdeh, who is also the brother of actress Soha Ali Khan, has been a prominent figure in the Indian entertainment industry, with a reputation for being one of the most successful celebrity managers in the country.
The exact reasons behind Johar’s decision to part ways with Sajdeh are not clear, but it is believed that the two had differences in their vision for the agency. With the acquisition of Cornerstone’s stake in DCA, Johar is now looking to take the agency in a new direction, one that aligns with his vision for Dharma Productions and its associated businesses.
The rebranding of the agency as Dharma Collab Artists Agency is seen as a significant move by Johar to expand his reach in the Indian entertainment industry. The agency will continue to represent some of the biggest names in the industry, but it will now be fully owned and operated by Dharma Productions. This move is expected to give Johar a significant advantage in the industry, as he will now have full control over the agency and its operations.
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 entertainment industry. The rebranding of the agency as Dharma Collab Artists Agency marks a new chapter in the history of Dharma Productions, and it will be interesting to see how Johar plans to take the agency forward. With the backing of Adar Poonawalla, Johar is now looking to expand his business ventures and explore new opportunities in the film and entertainment space.
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