Thirty-two years after Sholay hit theatres and after a year of legal battle between the makers of the film and director Ram Gopal Varma over ‘remake’ rights, Pritish Nandy Communications (PNC) has given the 70s blockbuster an even bigger platform to reach out to today’s generation.

PNC has bagged a $100-million franchisee deal to remake Sholay, which ran in movie theatres for five-and-a-half years without interruption, making it the most successful film in India’s cinematic history.

The move comes at a time when Ram Gopal Varma’s controversial movie, Ram Gopal Varma Ki Aag, said to be an unofficial remake of Sholay, is set to release this weekend.

PNC has entered into an agreement with Sippy-owned Sholay Media and Entertainment — the original maker of Sholay — to remake the blockbuster, make an animated version of the movie and also its prequel and sequel.

Sholay Media & Entertainment, headed by Sascha Vijay Sippy, holds the official franchisee rights of Sholay, produced in 1975 by his grandfather GP Sippy and directed by his uncle Ramesh Sippy.

It is believed that PNC would have a revenue-sharing arrangement with Sholay Entertainment & Media instead of the licensing fee model.

PNC will first start work on the production of the animated version of the movie mid-September. The ‘official’ remake of Sholay will start in 2007-end.

With this deal all speculation over who will have the right to officially remake Sholay will finally be put to rest.

Source: Ibnlive

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