Karan Johar parts ways with Bunty Sajdeh, buys out his 45% stake in DCA talent agency
The Indian entertainment 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, following Poonawalla’s acquisition of 50% stake in Dharma for ₹1,000 crore. As a result, 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 through the industry. The two had collaborated to launch DCA, a talent management agency, with the aim of representing some of the biggest names in Bollywood. However, it appears that their partnership has come to an end, with Karan Johar opting to buy out Bunty Sajdeh’s stake in the agency.
Taking to Instagram, Karan Johar confirmed the news, stating that he has acquired Cornerstone’s stake in DCA and will be relaunching the agency as Dharma Collab Artists Agency. This move is seen as a strategic decision to consolidate Dharma Productions’ position in the industry and expand its reach in the talent management space.
The acquisition of Cornerstone’s stake in DCA is a significant development, given that Bunty Sajdeh’s agency had a 45% stake in the company. With this move, Karan Johar has effectively bought out Bunty Sajdeh’s stake, marking the end of their partnership. The financial details of the acquisition have not been disclosed, but it is believed to be a significant transaction.
The restructuring of DCA is also seen as a result of Adar Poonawalla’s acquisition of 50% stake in Dharma Productions for ₹1,000 crore. The investment has given Dharma Productions the financial muscle to expand its operations and consolidate its position in the industry. The acquisition of Cornerstone’s stake in DCA is seen as a strategic move to align with Poonawalla’s vision for Dharma Productions.
The launch of Dharma Collab Artists Agency is expected to create a buzz in the industry, with many top talent managers and artists expected to join the new agency. Karan Johar has stated that the agency will focus on representing talent across various platforms, including films, television, and digital media. The agency is expected to have a strong roster of talent, including some of the biggest names in Bollywood.
The parting of ways between Karan Johar and Bunty Sajdeh has sparked speculation about the reasons behind the decision. While neither party has commented on the reasons, it is believed that creative differences and conflicting visions for the agency may have contributed to the split. Bunty Sajdeh’s Cornerstone had been a successful talent management agency, representing some of the biggest names in Bollywood, including Ranveer Singh, Deepika Padukone, and Arjun Kapoor.
The acquisition of Cornerstone’s stake in DCA is a significant development in the Indian entertainment industry, marking a new chapter in the history of Dharma Productions. With the launch of Dharma Collab Artists Agency, Karan Johar is expected to play a major role in shaping the talent management landscape in India. The agency is expected to create new opportunities for talent and provide a platform for artists to showcase their skills.
In conclusion, the news of Karan Johar parting ways with Bunty Sajdeh and buying out his stake in DCA talent agency has sent shockwaves through the industry. The launch of Dharma Collab Artists Agency is expected to create a buzz, with many top talent managers and artists expected to join the new agency. As the Indian entertainment industry continues to evolve, it will be interesting to see how Karan Johar’s new venture shapes up and what impact it will have on the talent management landscape in India.
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