There is a new positive development in the tale of Phantom Films. In October 2018, Phantom Films' Anurag Kashyap, Vikas Bahl, Vikramaditya Motwane and Madhu Mantena decided to not work together anymore. Anurag had tweeted: “And all dreams come to an end. We did our best and we succeeded and we failed, but I know for sure we are all stronger and wiser and will continue to pursue our dreams in our own individual ways.” Now, Phantom Films has undergone a change in its shareholders.
The shareholders are not entirely the same and the change sees the official exit of Anurag Kashyap, Vikramaditya Motwane and Vikas Bahl from the company. The shares of Kashyap, Motwane and Bahl, who otherwise would have continued to hold and enjoy a 12.5 per cent share each, have been bought by Madhu Mantena. So, hereafter, Phantom Films will be a JV (Joint Venture) between Madhu Mantena's new company Mad Man Ventures and Reliance Entertainment, both parties holding 50%. Earlier, it was a JV between Madhu-Kashyap-Motwane-Bahl (50%) and Reliance Entertainment (50%).
So, how did it all happen? A source says, “One thought it was all over for Phantom Films as a brand but Madhu had ideas to keep it alive. Madhu got in touch with Kashyap, Motwane and Bahl and expressed an interest to buy their stakes. The three of them agreed, the modalities were fast worked out, the dealing was implemented and completed amicably.” Madhu Mantena has confirmed the same.
Established in 2013, Phantom Films previously produced many films, including Lootera, NH10, Bombay Velvet, Shaandaar and Manmarziyaan amongst others. After Kashyap, Vikramaditya Motwane, Vikas Bahl and Madhu Mantena had co-owned the production house, but went their separate ways two years ago. Two projects, Super 30 and Sacred Games, and another venture that's yet to be released, '83, were rolled out after the split as all three were set up and locked prior to the quartet parting ways.
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