Akkineni Nagarjuna's much-anticipated movie
Damarukam, which has been postponed thrice, is now set to
release this Friday. Its new ad posters published on various
newspapers show that socio-fantasy entertainer will hit the screens
on November 23. Interestingly, its release date coincides with
King's son Naga Chaitanya's 25th birthday. It will
be his best birthday gift for his son.
Damarukam is a big budget movie, which has been made
with a whopping amount of Rs 42 crores. The film starring Nagarjuna
and Anushka Shetty in leads, was slated to
release on October 20. But its release was postponed thrice due to
financial crisis. With this, it failed to cash in on this Diwali
Reports suggest that the movie has about 70 minutes of graphics
work and makers have spent a lot of money on it. During its
production, they had borrowed huge amount of money from a big film
financier. They could not recover its cost from sale of its rights.
The financier reportedly stalled its release, when they failed to
return his dues. Finally, Nagarjuna had to intervene to settle the
However, it is reported that the makers of the movie
Damarukam owed Rs 10 crores to the film financier and they
were struggling to return this amount. Nagarjuna is said to have
returned his remuneration (Rs 5 crores) for the film and cleared
the way for its grand worldwide release this weekend.