Director-turned-producer
N
Linguswamy
says
he
won't
demand
compensation
from
Mani
Ratnam
for
distributing
Tamil
romantic-drama
Kadal,
which
flopped
at
the
Box
Office.
He
distributed
Kadal
in
three
areas
in
Tamil
Nadu
-
Kovai,
Madurai
and
Chennai.
Released
on
Feb
1,
the
Rs
50
crore
film
bombed
at
the
Box-Office.
Following
its
bad
run,
a
few
distributors
met
Ratnam
seeking
compensation
for
the
losses
incurred.
"Unlike
other
distributors,
I
won't
go
knocking
on
Mani
Ratnam's
door
demanding
compensation
for
the
loss
of
Kadal.
In
film
business,
profit
and
loss
is
part
of
the
game
and
one
needs
to
learn
to
live
with
it," Linguswamy
said
in
a
statement.
"Mani
sir's
films
have
been
of
great
inspiration
to
me
and
I
consider
him
my
mentor.
Neither
I
nor
anyone
from
my
production
company
will
ask
for
compensation
from
him," he
added.
The
film
also
featured
debutants
Gautham
Karthik
and
Thulasi
Nair.
"We
couldn't
even
recover
50
percent
of
the
investment.
We
distributed
the
film
hoping
it
will
do
well,
but
it
didn't.
On
an
investment
of
over
Rs
10
crore,
we
couldn't
even
collect
Rs
2
crore," one
of
the
distributors
of
the
film
had
told
IANS
earlier.
However,
Ratnam
clarified
that
his
production
company
Madras
Talkies
was
not
responsible
for
the
loss.
According
to
a
statement
from
Madras
Talkies,
it
had
sold
Kadal
(both
Tamil
and
dubbed
Telugu
versions)
to
Gemini
Industries
and
Imaging
Ltd
in
March
2012
itself
on
MG
(Minimum
Guarantee)
basis.