Vashu Bhagnani Going Through Financial Crisis

Omg Vashu Bhagnani going to financial crisis due to back to back box office failures, for the same he sold Pooja Entertainment’s Seven floor Office to pay huge debut amounting 250 crores along with sacking around 80 % employes.

Well from decades going through high and low phase Pooja Entertainments headed toward major financial setback. Well under Pooja Entertainment banner of blockbuster projects were made like Coolie No.1, Biwi No.1, and Hero No.1, among others. Is now slowing down his business due to back to back boxoffice failure.

According to report renowned trade sources came forward and revealed Bollywood renowned filmmaker Vashu Bhagnani has sold his seven-floor office of Pooja Entertainment to a builder. The identity of the builder who purchased the land and the amount it sold for is not disclosed yet, but they will apparently now demolish the building to create a luxurious residential project on the plot.

According to report after selling Seven floor office filmmaker has shifted Office in to a 2bhk apartment in Juhu. Sources  layoffs began in January 2024 after Jagan Shakti’s film starring Tiger Shroff was shelved following a two-year struggle to take it on floors. The workforce was further reduced in April, specifically after the release of Bade Miyan Chote Miyan. This development comes on the heels of the disastrous box office failure of BMCM, which barely earned Rs. 59.17 crores at the box office against the investment of Rs. 350 crores, resulting in losses of at least Rs. 125-150 crores for the production banner, therefore having no other option to pay huge debut Vashu took big step and sold the building to pay off debts to multiple financiers, amounting to approximately Rs. 250 crores.

Vashu Bhagnani’s downfall started with Akshay starer Bell Bottom, which was first Hindi movie to  released in theatres post the COVID-19 pandemic in 2021 got flopped at boxoffice following Mission Raniganj and later big-budget Ganapath failed to impress viewers and got flopped at boxoffice and was also got  rejected by Netflix despite an acquisition deal, therefore  Red flags started  to appear in the company’s financial sheet by this point, and the enormous investment in Bade Miyan Chote Miyan made matters worse as it was unable to earn amount invested on it.
Well it seems after going through Vashu’s downfall story his fans will start feeling heart broken.