Production giant, Jio Studios has reportedly backed out of two huge Akshay Kumar projects ‘Welcome To The Jungle’ and ‘Hera Pheri 3’.
Bollywood Hungama reports that the reason is due to non-payment of dues to the technicians of ‘Welcome 2’. The report states that Nadiadwala has not cleared the pending payments to the crew members.
A source told the publication, “Ever since the announcement of Welcome To The Jungle, issues around finances are happening between Jio and Firoz Nadiadwala. There are some pending debts for Firoz, which yet remain unpaid. Due to all the legalities and pending litigation, Jio Studios for now has taken a back seat from Welcome To The Jungle.”
Read More Like this
The source adeed, “Akshay is still making efforts to be the peace maker in resolving the conflicts. If things get better, Jio might take back the seat again, but at the moment, Jio is out. If one notices, there is no logo of Jio on the clapboard of Welcome To The Jungle and that’s due to the decision of parting ways. The studio has taken a back seat from both – Welcome 3 and Hera Pheri 3.”
Keep it with BizAsiaLive.com for more.