Lights, camera, legal action: Netflix faces Bollywood drama over Rs 47 crore dispute
Economic Offences Wing (EOW) of the Mumbai Police has commenced a preliminary enquiry (PE) based on a complaint filed by Bollywood producer Vashu Bhagnani against a company linked to Netflix and 12 others, alleging cheating and conspiracy over rights for three films, people in the know told ET.
The EOW has summoned executives of Los Gatos Production Services India, the entity through which Netflix reports its content investments in India, they said. Netflix rejected the allegations as «unfounded».
According to Bhagnani, he has yet to receive ₹47.37 crore towards subscription-video-on-demand (SVOD) rights he had granted on these films: Hero No 1, Mission Raniganj and Bade Miya Chote Miya. He has named Los Gatos Production Services, Zoo Digital India that provides subtitling, dubbing and media localisation services and 10 executives of the two companies as accused.
He also alleged that his company, Pooja Entertainment, was coerced into revisiting the commercial terms of the deal and induced to deliver one of the movies to Zoo Digital India that had allegedly leaked the film in public even before its theatrical release, causing him a «financial and reputation loss».
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