YASH RAJ FILMS’ OFFICIAL STATEMENT: “YASH RAJ FILMS VINDICATED IN CASE FILED BY AJAY DEVGN FILMS”

YASH RAJ FILMS’ OFFICIAL STATEMENT:

Reproduced below is the official communication received by this writer from Yash Raj Films:

“YASH RAJ FILMS VINDICATED IN CASE FILED BY AJAY DEVGN FILMS

“8th November 2012: After the COMPETITION COMMISSION dismissed the complaint filed by AJAY DEVGN FILMS (ADF) on the basis that they were of the opinion that there was no contravention of the Act in this case, the COMPETITION APPELLATE TRIBUNAL, in a hearing today, also refused to pass any interim order against YASH RAJ FILMS (YRF) on the ground that the complainant had not put forward sufficient facts to establish that YRF had violated the Competition Act.

“We completely refute the press release put out by ADF as the Competition Appellate Tribunal did not find any merit in the contention of ADF because the Tribunal was of the view that ADF has totally failed to establish that the agreements entered into by YRF with the single screens cinemas would cause any appreciable adverse effect on competition. It was also noted by the Tribunal that YRF had announced the release of its film on 27th June 2011 with its announcement of the release of its film for Diwali 2012 and commenced booking of single screen theatres in June, July & Aug 2012. On the contrary, ADF announced the release of its film only on 29th May 2012 and approached the single screen owners only in October 2012 by which time YRF had taken a lead. It was expressly noted that the number of screens contracted for JAB TAK HAI JAAN, being far less than that of EK THA TIGER, prima facie no case of adverse effect on competition, much less appreciable effect on competition, was made out.

“In a free competition Ajay Devgn admits that the cine goers will decide the film that they wish to see. With both the films having opened the booking on the same day, the cine goers already seem to have expressed their verdict. Even as we go press with this release, we are being approached by a large number of theatres with offers to screen our film.

“Despite several media queries, YRF has maintained a strict media silence while the matter was pending before the competent judicial authorities, deeming it inappropriate to comment on the matter while it was before the judicial authorities. YRF has never desired nor manipulated such publicity.

“It is unfortunate that our refusal to comment has led to aspersions being cast on YRF’s business practises, which have always been ethical and of the highest standards.

“With this matter having been laid to rest for now, we would like to get back to releasing JAB TAK HAI JAAN this Diwali on the 13th of November. This is the time to celebrate a Yash Chopra Romance, which has traditionally lit up homes worldwide, during this festive season.

“And Yash Raj Films’ will continue to do so, jab tak hai jaan!”

http://www.twitlonger.com/show/juevbd

5 Comments

  1. Tango
    Tango
    November 9, 2012 at 2:02 AM

    Kafi padha likha response hai.

    If this is wrong, Ajay should sue for defamation, as well as contempt of commission/appellate, saying “aata majhi satakli”, because there is still time.

  2. Jasp the Wasp
    Jasp the Wasp
    November 9, 2012 at 3:14 AM

    Huh. And you never thought that Ajay could be wrong, allowing YRF to sue Ajay for defamation?

  3. Beld
    Beld
    November 9, 2012 at 3:50 AM

    Ajay suing for defamation?? If anyone should be sued here for defamation – it is Ajay – he has produced no proof – and no case. He is just making wild accusations because he got out manouvered by a better business brain.

    Am a little surprised at the Yashraj statement about JTHJ advance booking – that wasnt necessary imo – but I guess Ajay has been venting so much that they decided to hit him where it hurts.

    These 2 movies have 17 days without any other release with about 7 holidays in that. Whoever wants to see the movies – will have ample time and opportunities to see them. If SOS wom is good – Ajay doesnt have anything to worry about – but if he has a bad product in hand – then he is kinda screwed. Absolutely no sympathy for him tho – he has made a jackass of himself in the last week

  4. javeed
    javeed
    November 9, 2012 at 8:16 AM

    Ajay is approaching Sooriyavansham’s panchayat now against CCI and Tribunal.Here neither Yash Raj nor Srk can approach coz Sooriyavansham always takes side of underdogs.

  5. rockie_Dabhangg2
    rockie_Dabhangg2
    November 9, 2012 at 12:06 PM

    Well if Tribunal court also is of the same thoughts then this is going to change lot of things especially on block bookings of single screens and even plexes maybe.

    People who will get hurt are small movie makers and regional film makers especially in Maharashtra, because here hindi movies are watched more religiously than marathi movies.

    Same is the case happened with marathi movie “Bhartiya” and this might happen quite often.

    I mean if these biggies block all single screens for 2-3 weeks these small films who chip into 2 biggies will never get a chance at all.

    Nyways we have to respect court’s decision.

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