Bollywood Producer Vashu Bhagnani Alleges Rs 47 Cr Fraud by Netflix

Mumbai: Bollywood producer Vashu Bhagnani has registered a police complaint accusing Netflix India of cheating him of Rs 47.37 crore over film rights.

The OTT platform has rejected the allegation made by the noted producer.

The Mumbai police’s Economic Offences Wing (EOW) has started an investigation into the complaint made by Bhagnani. In his complaint, Bhagnani has alleged that Netflix cheated him over rights of his three recent Hindi films — ‘Hero No 1’, ‘Mission Raniganj’ and ‘Bade Miyan Chote Miyan’ and did not pay him Rs 47.37 crore which were due for these films from the streaming platform.

Bhagnani, who owns production and distribution firm Pooja Entertainment, filed the complaint against Los Gatos Production Services India, through which Netflix reports its content investments in India, Zoo Digital India, and several executives of both companies.

In a statement, Netflix rejected Bhagnani’s accusitions and claimed it is Pooja Entertainment that owes them money.

“These claims are completely unfounded — indeed it’s Pooja Entertainment that owes Netflix money. We have a strong track record of partnership with the Indian creative community and are working with the authorities to resolve this dispute,” Netflix said in a statement.