In a press release, Madras Talkies has said that the film was sold to Gemini and Imaging Ltd in March 2012. The press release read, "Madras Talkies had sold their film Kadal (Tamil and dubbed Telugu versions) to Gemini Industries and Imaging Ltd in March 2012 itself on MG basis. Madras Talkies has had no other dealing with anyone else for the distribution of their film nor has been party to any contracts Gemini might have entered into in this regard."
With the clarification coming straight from the horse's mouth, now we have to wait and see what Gemini production house has to say in this regard. A few days ago, around fifty members, who had taken the theatrical rights of Kadal for various regions, protested in front of Madras Talkies office and demanded for the compensation. The protestors said that they have suffered huge losses as the film has failed to impress the audience.
They paid huge amount taking the brand Mani Ratnam into the consideration. But as the film got thumbs down from critics and audience, the movie has disappeared from many theatres. Adding to that the release of Vishwaroopam last week in Tamil Nadu has badly affected Kadal, which was released on February 1.