Karan Johar Takes Responsibility to Adar Poonawalla After 50% Stake Sale
Karan Johar Discusses Selling 50% Stake to Adar Poonawalla
In a surprising move in 2024, renowned filmmaker Karan Johar sold a 50% stake of his production company, Dharma Productions, to businessman Adar Poonawalla for ₹1000 crore. This partnership marks a significant shift in the company’s dynamics, with Johar retaining the remaining stake alongside his role as Executive Chairman and CEO, Apoorva Mehta.
Karan’s Insights on the Decision
During a recent episode of the podcast “Game Changers,” Johar shared his thoughts on this partnership, emphasizing the friendship he shares with Adar and his wife, Natasha. He mentioned, “It turned out that Adar was genuinely interested in investing. Although I initially thought it wasn’t his area, he expressed a desire to expand.” Karan highlighted that having a partner makes one more accountable while maintaining creative control.
Challenges After Homebound
Johar expressed concerns about profitability moving forward, stating, “Now every decision will be profit-oriented. I recently produced ‘Homebound,’ which has received critical acclaim, but I’m uncertain if I’ll make similar choices in the future.” He added, “It’s important to showcase profitability, and while this deal is strategic, personal losses will be part of the journey.”
Dharma Productions, a pioneering film production company established by Yash Johar in 1976, continues to be led by Karan Johar today. Their most recent project is “Sunny Sanskari ki Tulsi Kumari,” featuring stars like Varun Dhawan and Janhvi Kapoor.
As Karan Johar adapts to changes in the film industry, what are your thoughts on the importance of profitability in film production? Are the days of creative storytelling diminishing in favor of financial success?
