It seems that the global recession is now affecting the Tamil film industry as well
Mani Ratnam's big budget venture with Reliance Big Pictures, Ravana, a bi-lingual in Hindi and Tamil is now facing trouble due to the financial crisis.
According to sources, recently Reliance had sent a letter to Mani Ratnam to cut short the Rs.120 crore hefty budget of the film. In that letter, the corporate giant, which had struck deals with Hollywood studios, instructed Mani to reduce up to 50 percent of the production cost.
Reliance Big Pictures has told Mani that his film is not commercially viable as per the rate at which they had purchased the movie due to global meltdown and recession. Mani will now have to either look for a new producer or do some cost cutting if he has to continue with the film.
This has come as a major setback to Mani who has been shooting his film on a lavish scale in the forests of Kerala.
The company has also postponed their other Tamil films like Cheran's Autograph - 2, Hari's Singam to be produced by Studio Green featuring Surya, and Fazil's new film with Prithviraj.