Karan Johar parts ways with Bunty Sajdeh, buys out his 45% stake in DCA talent agency
The entertainment industry is abuzz with the latest news of Karan Johar parting ways with celebrity manager Bunty Sajdeh, marking the end of an era for their joint venture, Dharma Cornerstone Agency (DCA). In a significant restructuring move, Karan Johar and Adar Poonawalla-led Dharma Productions have acquired Cornerstone’s stake in DCA and relaunched it as Dharma Collab Artists Agency. This development comes after Poonawalla acquired a 50% stake in Dharma for a whopping ₹1,000 crore.
Karan Johar took to Instagram to confirm the news, putting an end to speculation about the future of DCA. The renowned film director and producer expressed his gratitude to Bunty Sajdeh for their partnership, which has come to an end. With this move, Karan Johar has bought out Bunty Sajdeh’s 45% stake in DCA, cementing his position as a major player in the talent management industry.
The partnership between Karan Johar and Bunty Sajdeh was formed with the aim of creating a robust talent management agency that would cater to the needs of Bollywood’s top stars. DCA was established to provide a platform for artists to showcase their talent and connect with the right opportunities in the industry. Over the years, the agency has represented some of the biggest names in Bollywood, 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 journey. The rebranded agency will continue to provide talent management services to its existing clients, while also exploring new opportunities in the entertainment industry.
This development is a significant one for Karan Johar, who has been instrumental in shaping the careers of many Bollywood stars. With the acquisition of DCA, Karan Johar has further solidified his position as a key player in the entertainment industry. The move is also seen as a strategic one, given the growing importance of talent management agencies in the Bollywood ecosystem.
The news of Karan Johar parting ways with Bunty Sajdeh has sent shockwaves through 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 deciding to go their separate ways.
The acquisition of DCA by Dharma Productions is also seen as a significant move, given the company’s recent partnership with Adar Poonawalla. The Serum Institute of India CEO had acquired a 50% stake in Dharma Productions for ₹1,000 crore, marking one of the largest investments in the Indian entertainment industry.
With the rebranding of DCA as Dharma Collab Artists Agency, Karan Johar is expected to play a more active role in the talent management business. The agency will continue to operate under the Dharma umbrella, with Karan Johar at the helm.
In conclusion, the news of Karan Johar parting ways with Bunty Sajdeh marks the end of an era for DCA. However, with the rebranding of the agency as Dharma Collab Artists Agency, Karan Johar is poised to take the talent management business to new heights. The move is a significant one, given the growing importance of talent management agencies in the Bollywood ecosystem.
As the entertainment industry continues to evolve, it will be interesting to see how Karan Johar navigates the talent management space. With his expertise and experience, he is well-positioned to make a significant impact in the industry.
For more information on this development, please visit: https://www.news18.com/amp/movies/bollywood/karan-johar-and-bunty-sajdeh-end-partnership-at-dharma-cornerstone-agency-details-inside-ws-l-9773528.html
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