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[raghavendran]

CHARAN IN DIRE STRAITS?
The producer is allegedly in financial trouble post the failure of Aaranya Kaandam


His film might have received critical acclaim, but its failure at the BO seems to have landed producer S P Charan in difficulty. If sources are to be believed, Charan — in a bid to clear his debts post Aaranya Kaandam’s (AK) debacle — has now been forced to put his family’s renowned studio in Saligramam on sale.
“Financially, he’s in a bad state now,” says a source, “He went around promoting AK to the hilt before its release. Though the film has been appreciated by critics and discerning audiences, it has bombed at the theatres, resulting in losses. To clear the debts caused by this and his previous losses, he has sent out feelers in the market about his property being on sale.” This comes at a time when the filmi market is already floating with rumours that the producer-singer plans to sell his house.
The other version of the story is that the studio was sold some time ago. “The recording studio was sold off more than a year ago because of some litigation in the family and not because of the response for Aaranya Kaandam,” says another source, “Perhaps they are selling off the land now. The problem for Charan arose because he bit off more than he could chew and was unable to concentrate on one project. That’s what landed him in trouble.”
When CT contacted Aaranya Kaandam director Thiagarajan Kumararaja about Charan’s reported financial crisis, he declined to comment on the issue.
Meanwhile, considering the current situation, it looks like the next film from Charan’s production house will not kickstart in the near future. “Actually, he was to do a film with Rajamohan, the director who helmed his Kunguma Poovum Konjum Puravum, but looks like it’s not going to happen,” adds the source.
CHARAN CLARIFIES...
When CT contacted S P Charan, he said, “I’m not happy with the response that Aaranya Kaandam has received at the box office.” When asked him about the studio in Saligramam, he said, “No, it’s not up for sale. We’re just developing the property and not selling it.”
http://epaper.timesofindia.com/Defau...&ViewMode=HTML