Karan Johar parts ways with Bunty Sajdeh, buys out his 45% stake in DCA talent agency
In a significant development in the Indian entertainment industry, Karan Johar, the renowned film director and producer, has announced that he is parting ways with celebrity manager Bunty Sajdeh, with whom he had co-founded the Dharma Cornerstone Agency (DCA) talent agency. This move comes after Adar Poonawalla-led Dharma Productions acquired Cornerstone’s stake in DCA, which was previously a joint venture between the two entities.
As per reports, Cornerstone, which was founded by Bunty Sajdeh, had a 45% stake in DCA, while Dharma Productions held the remaining 55%. However, with the acquisition of Cornerstone’s stake, Dharma Productions now has complete ownership of the talent agency, which has been relaunched as Dharma Collab Artists Agency.
Karan Johar took to Instagram to confirm the news, stating that he and Bunty Sajdeh have decided to go their separate ways. This development is seen as a major restructuring move, especially after Adar Poonawalla acquired a 50% stake in Dharma Productions for a whopping ₹1,000 crore.
The partnership between Karan Johar and Bunty Sajdeh was formed with the aim of creating a talent management agency that would cater to the needs of top Bollywood celebrities. DCA had been successful in managing the careers of several A-list stars, including Alia Bhatt, Varun Dhawan, and Kiara Advani, among others.
However, with the acquisition of Cornerstone’s stake, it is likely that the talent agency will undergo significant changes in terms of its operations and management. The relaunch of DCA as Dharma Collab Artists Agency is expected to bring about a new era in talent management, with a focus on collaboration and innovation.
The news of Karan Johar and Bunty Sajdeh parting ways has sent shockwaves in the industry, with many speculating about the reasons behind the decision. While the exact reasons are not known, it is believed that the two parties had differences in their vision and approach to talent management.
The acquisition of Cornerstone’s stake in DCA is seen as a strategic move by Dharma Productions to consolidate its position in the talent management space. With the launch of Dharma Collab Artists Agency, the company is expected to expand its services to include not just talent management but also other areas such as content creation and brand management.
The development is also seen as a significant milestone in the growth of Dharma Productions, which has been one of the leading production houses in Bollywood. The company’s decision to acquire a majority stake in DCA is expected to further strengthen its position in the industry and provide a boost to its growth plans.
In conclusion, the parting of ways between Karan Johar and Bunty Sajdeh marks a new chapter in the history of Dharma Cornerstone Agency. With the relaunch of DCA as Dharma Collab Artists Agency, the company is expected to embark on a new journey, with a focus on innovation and collaboration. The development is seen as a significant milestone in the growth of Dharma Productions and is expected to have a positive impact on the Indian entertainment industry as a whole.
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