Karan Johar parts ways with Bunty Sajdeh, buys out his 45% stake in DCA talent agency
In a significant development, Karan Johar and Adar Poonawalla-led Dharma Productions have announced the acquisition of Cornerstone’s stake in Dharma Cornerstone Agency (DCA), a talent management agency that was jointly owned by Karan Johar and celebrity manager Bunty Sajdeh. The agency has now been relaunched as Dharma Collab Artists Agency, marking a new chapter in the company’s journey. This move comes after Adar Poonawalla acquired a 50% stake in Dharma Productions for a whopping ₹1,000 crore, leading to a major restructuring of the company.
Karan Johar took to Instagram to confirm the news, stating that he has parted ways with Bunty Sajdeh, whose company Cornerstone had a 45% stake in DCA. The decision to buy out Cornerstone’s stake in the agency is seen as a strategic move to consolidate Dharma’s position in the talent management space. With this acquisition, Dharma Productions will now have complete control over the agency, allowing them to make key decisions and drive the company’s growth.
The Dharma Cornerstone Agency (DCA) was established in 2020 as a joint venture between Karan Johar’s Dharma Productions and Bunty Sajdeh’s Cornerstone. The agency was set up to manage the careers of top Bollywood celebrities, including Alia Bhatt, Varun Dhawan, and Kiara Advani, among others. However, with the acquisition of Cornerstone’s stake, the agency will now operate under the Dharma umbrella, with a renewed focus on talent management and collaboration.
The relaunch of the agency as Dharma Collab Artists Agency is expected to bring about a fresh perspective and approach to talent management. The company will continue to manage the careers of top celebrities, while also exploring new opportunities for collaboration and growth. With Dharma Productions’ expertise in film production and Cornerstone’s experience in talent management, the agency is well-positioned to become a leading player in the industry.
The acquisition of Cornerstone’s stake in DCA is also seen as a significant move for Karan Johar, who has been looking to expand his business empire. With Adar Poonawalla’s investment in Dharma Productions, the company has received a significant boost, allowing them to explore new avenues and opportunities. The buyout of Cornerstone’s stake in DCA is a testament to Karan Johar’s vision and commitment to building a strong and diversified business.
The news of Karan Johar parting ways with Bunty Sajdeh has sent shockwaves in the industry, with many speculating about the reasons behind the decision. However, sources close to the development have indicated that the decision was amicable, with both parties agreeing to go their separate ways. Bunty Sajdeh’s Cornerstone will continue to operate independently, managing the careers of top celebrities and exploring new opportunities in the industry.
In conclusion, the acquisition of Cornerstone’s stake in DCA by Dharma Productions is a significant development that marks a new chapter in the company’s journey. With the relaunch of the agency as Dharma Collab Artists Agency, Karan Johar and Adar Poonawalla are poised to take the talent management space by storm. As the company continues to grow and expand, it will be interesting to see how this development unfolds and what new opportunities arise for the company.
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