Placeholder canvas

Iconic RK Studios to go up on sale; Rishi Kapoor confirms

Date:

Established by the legendary late actor Raj Kapoor in 1948 at Chembur, Mumbai, RK Studios goes up on sale due to growing losses.

According to reports, Rishi Kapoor on behalf of the Kapoor family said, “The investment in rebuilding the studio would just not have yielded sufficient revenue to keep it going. Even before the fire, for years RK Studio had become a huge white elephant, toting up losses.”

“Clients using the studios had started demanding free parking space, air-conditioning and discounts, which had added to the losses” claim Rishi.

ALSO READ: Bharat: Salman, Katrina wrap Malta schedule

Kapoor further mentioned that the number of bookings had decreased over the years with producers preferring studios near Goregaon and Andheri while Chembur is no longer seen as a lucrative shooting space like it was back in the 40s and 50s.

Earlier, the Kapoor considered renovating the whole space with cutting-edge technology; however, the fire last year made their plan unrealistic. The Kapoors have employed a team to negotiate for the sale of the premises.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Fact Check: Lok Sabha Polls Will Be Held Using EVMs; Don’t Fall For False Claim

Ahead of the Lok Sabha polls, a newspaper cutout...

Four Killed, Five Wounded In Stabbing Incident In North Illinois

Redd mentioned that not all of the victims had stab wounds and none of them were shot. She added by saying that they have a suspect in custody

Hope Everyone’s Rights Are Protected: UN On Kejriwal’s Arrest

Delhi CM Kejriwal was arrested by the ED(Enforcement Directorate) on March 21 in the Delhi liquor policy case, days ahead of the Lok Sabha polls

EAM Jaishankar Meets Ukrainian Counterpart Dmytro Kuleba In Delhi

New Delhi: External Affairs Minister, S Jaishankar on Friday...