Sold: Fox buys Shah Rukh's 'My Name Is Khan' for Rs 100cr!

Fox Star Studios, a joint venture between 20th Century Fox and Star on Thursday announced its pioneering collaboration with Bollywood superstar Shah Rukh Khan and filmmaker Karan Johar to finance and distribute their upcoming film `My Name is Khan`. As per the deal, Fox Star will market and distribute the film in India, while Fox Searchlight Pictures will release the film in the United States.

Spicezee Bureau

Mumbai: Fox Star Studios, a joint venture between 20th Century Fox and Star on Thursday announced its pioneering collaboration with Bollywood superstar Shah Rukh Khan and filmmaker Karan Johar to finance and distribute their upcoming film `My Name is Khan`. As per the deal, Fox Star will market and distribute the film in India, while Fox Searchlight Pictures, which marketed and distributed the Oscar winning `Slumdog Millionaire` in the US, will release the film in the United States. And 20th Century Fox International will distribute the film outside India and US. Talking about the groundbreaking deal, which is reportedly valued at Rs 100 crore, Karan said, "For us, this tie-up was important to find a partner who is like-minded, has a similar vision and the capability to take Indian cinema to the international market." "This movie is about human emotions that are relevant to people across the world and I am happy that the audience which is unfamiliar with these films will get a chance to see what Indian cinema has to offer to the world," he added. The CEO of Fox Star studios Vijay Singh said, "Johar and Shah Rukh have been the most successful combination in Bollywood and we are delighted to be working together on this film. This relationship will help us further build a Fox Star Studios presence in India and provide an opportunity to demonstrate our marketing and distribution capability." Nevertheless, SRK, being at his humorous best, said, "I am collaborating with Fox because I was told they are related to Megan Fox – who I really like. There is no other reason." However he added that ‘My Name Is Khan’ doesn't deserve petty controversies and gossips. "I urge all Khans out there, not to sue me before the release. Because my name actually is Khan," he said. The much-awaited Shah Rukh-Kajol starrer ‘My Name Is Khan’ is slated for an early next year release.