This is an incident that has seen light a bit late. It is with regard to the movie ‘Veedokkade’ that was made on the banner of AVM.
Initially AVM got an offer to release the dubbed version in Telugu at Rs 1.75 Cr. But Suresh Productions Pvt Ltd intervened and said that the movie has very big potential of earning Rs 4 to 5 Cr if released through his banner. AVM got tempted for the projection and released it accordingly. But finally things ended up differently and now Suresh Productions Pvt Ltd demanded Rs 25 lakh from AVM to pay back in order to settle the account. That way AVM lost Rs 1.75 Cr as well as Rs 25 lakh.
Suresh Productions Pvt Ltd banner is very intelligent that everything is moving as per the papers and hence AVM has no way to fight on him! But AVM is conveying for a few banners not to jump into businesses with AVM blindly citing this incident.
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