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

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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!”

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