UTV Motion Pictures has issued a statement to this writer, which is being reproduced verbatim: "We would like to place on record that we categorically deny a false and speculative article that appeared in today's DNA edition on the front page titled "Has Ranbir bagged a Rs. 50 cr. deal?"
A) We had denied this news to the reporter of this story and we again wish to reiterate that UTV officially denies all such rumours about having a 3-film deal at the specified amount with Ranbir Kapoor.
B) We are proud to be working with Ranbir on Raajneeti and we enjoyed working with him on Wake Up Sid, and we look forward to working with him on many more films in the years to come, but we categorically deny being in any discussion for any multiple movie deal whatsoever and the article and the amounts mentioned are completely false.
C) We consider the article damaging to our company and our shareholders and damaging to the industry to project such unwarranted hype. We consider this irresponsible journalism for a story that has been categorically been denied to be carried on the front page of a leading newspaper.