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Buzz: Tollywood celebrities lent huge amounts to Mahesh Koneru

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Young producer Mahesh S Koneru breathed his last recently and the entire film fraternity is left in shock with his demise. There are a lot of speculations about his debts and his upcoming films came to a halt for now. Mahesh Koneru was never into controversies and he is a person who was extremely positive. Apart from financiers, several celebrities have lent money to this young producer as per the news.

A successful Tollywood director is said to have given Rs 5 crores to Mahesh Koneru on an interest basis. A music director gave Rs 1.5 crores and a writer lent Rs 1 crore as a loan for Mahesh Koneru. The young producer paid the interests on time on a monthly basis and these celebrities were never worried about the lent money. With his sudden demise, they are now left in shock and are worried about the offered money. Mahesh Koneru announced three films that are in various stages of production.

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Three films of Mahesh Koneru in Troubles

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PRO turned producer Mahesh Koneru breathed his last recently and the news left the entire Tollywood in shock. Mahesh Koneru has been away from controversies and is a person who is completely focused on work. There are a lot of speculations about his debts from the past few days. Three films are currently in various stages of production after they are announced. He launched Allari Naresh’s Sabhaku Namaskaram but the shoot is yet to start. He also signed Naga Shaurya’s Police Vaari Hecharika which is in pre-production stage.

A film with Sundeep Kishan which is yet to be titled is half done with the shoot. It is heard that Mahesh Koneru has enough debts because of which no producer is ready to take up and complete Sundeep Kishan’s film along with the other two films. Mahesh Koneru also took advances for the non-theatrical rights of the announced projects. No one is aware of the transactions done for these films. All the three projects are in trouble for now. We have to wait to see if the lead actors take the responsibility and bail out these projects.

Telugu360 is always open for the best and bright journalists. If you are interested in full-time or freelance, email us at Krishna@telugu360.com.

Young filmmaker Mahesh Koneru is no more

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Tollywood’s young and upcoming producer Mahesh Koneru breathed his last this morning in Vizag due to cardiac arrest. He started his career in Telugu media and emerged as the PRO for NTR and Kalyanram. Soon he floated his production house East Coast Productions and produced films like 118, Naa Nuvvue, Miss India and Thimmarasu. He is currently producing Allari Naresh’s upcoming movie Sabhaku Namaskaram and has a bunch of films lined up.

NTR expressed his grief on the sudden demise of Mahesh Koneru. He posted “With the heaviest of heart and in utter disbelief, I am letting you all know that my dearest friend @SMKoneru is no more. I am shell shocked and utterly speechless. My sincerest condolences to his family and his near and dear”. The entire Tollywood is left in shock with the sudden demise of Mahesh. Rest in peace Mahesh Koneru.

Telugu360 is always open for the best and bright journalists. If you are interested in full-time or freelance, email us at Krishna@telugu360.com.

Nizam theatres issue: Mahesh S Koneru condemns allegations

Young producer Mahesh S Koneru acquired the Telugu theatrical rights of Vijay’s Master. The film opened to packed houses and is running successfully in Telugu states. A couple of days ago, Krack Nizam distributor Warangal Srinu made serious allegations on top distributor and producer Dil Raju. He alleged that Raju kept a hold of all the screens and provided a limited number to Krack and most of the screens are removed for the movie. Mahesh S Koneru responded to the allegation:

“It is quite bad to stage personal attacks and it is always wise to resolve the issues through discussions. Master is a pan Indian film and it needs a same-day release in all the languages. Master released in over 150 screens in Nizam and the number of theatres came down to 75 from day two. The film opened to packed houses and the revenues are shared by Telugu distributors and exhibitors. This is a major boost to Telugu film industry which has been in crisis. It is not good to attack a person as per my opinion. The theatres are shared across all the films during Sankranthi season and all the movies are doing good”.

“We have to solve the issues personally. English doesn’t have anything to do with the business. Warangal Srinu should have spoken about the topic. Today Master is running in the least number of theatres in Nizam, but I am very happy. The revenues are grand and everyone should share the revenues in this season. It depends on the distributor completely about holding the screens of the region. This may vary from district to district. Vijay gained a phenomenal market in Telugu states and the day one numbers of Master proved it. I was informed about getting the last priority as it is a dubbed film. I am happy with the performance of the film even after getting fewer screens in Telugu states” told Mahesh S Koneru.

“All the other businesses are revived completely but theatres are not granted 100 percent occupancy. The concerned authorities should consider and grant full occupancy soon. This would help the industry recover soon. Dil Raju and Shirish supported me right from the first day and I cannot forget the support of them for 118. I never faced any problems with them. They cannot stand as successful and top distributors if they are not transparent” told Mahesh. 

Telugu360 is always open for the best and bright journalists. If you are interested in full-time or freelance, email us at Krishna@telugu360.com.

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