Special teams of Income tax officials and ED departments are conducting searches at Mythri Movie Makers office in Hyderabad. Mythri Movie Makers are the most happening Telugu production house recently, they bagged two big hits at Sankranthi time with Chiranjeevi’s Waltair Veerayya and Balakrishna’s VeeraSimha Reddy.

Their upcoming big film is Allu Arjun’s Pushpa: The Rise. IT and ED officials are conducting raids on the offices of the production house and their residences too. Special teams have arrived from New Delhi for the raids. The renowned production house is paying huge salaries for the actors and making big-ticket films. Earlier at the time of the Sankranthi films release on January 14th 2023, IT and GST officials conducted raids at Mythri office for providing false information in their IT forms.

Mythri Movie Makers is one of the top production houses of Telugu cinema. They are busy with films featuring Pawan Kalyan, Allu Arjun, NTR and Ram Charan. They have signed the biggest stars like Salman Khan and Vijay. Apart from these, Mythri Movie Makers is also producing small and medium-budget films. Kiran Abbavaram’s Meter came from the production house and it released yesterday. The film is racing towards the biggest disaster in the career of Kiran Abbavaram. The production house is badly trolled for backing a film like Meter.

Right from the content to the narration, Meter offers nothing much. The distributors will struggle to recover the digital expenses spent on the film. The night shows on the first day are canceled in some of the regions due to the lack of the audience. Kiran Abbavaram too is trolled for picking up stale subjects that are outdated and offer nothing. Having a strong lineup of films, Mythri Movie Makers should rethink before locking films like Meter.

Top production house Mythri Movie Makers gambled big during this Sankranthi season with Chiranjeevi’s Waltair Veerayya and Balakrishna’s Veera Simha Reddy. Both the films were not completed on the planned budgets and they had to clash and release during the Sankranthi season. Mythri decided to release both the films on their own across the Telugu states and the films ended up as money spinners. Waltair Veerayya dominated all the releases during the Sankranthi season. The non-theatrical deals recovered the budgets to an extent.

As per the estimate, Mythri will make a solid profit of Rs 40 crores through Waltair Veerayya and Veera Simha Reddy. If the films were completed on the planned budgets, the profits would have been much higher. Veera Simha Reddy is said to have left a profit of Rs 15 crores for the makers. Waltair Veerayya is still running well and the makers are expected to pocket Rs 25 crores after all the recoveries and other expenses. Both Waltair Veerayya and Veera Simha Reddy are commercial potboilers and they did well during the Sankranthi holiday season.

Mythri Movie Makers emerged as the leading production house of Telugu cinema in no time and they have films lined up with several top actors. In a surprise, the Income Tax officials knocked the doors of Mythri Movie Makers today. The raids are conducted in 15 locations currently. The raids started in the morning and the accounts are verified. The production house is releasing two biggies: Chiranjeevi’s Waltair Veerayya and Balakrishna’s Veera Simha Reddy for Sankranthi 2023. The production house also launched Pawan Kalyan’s Ustaad Bhagat Singh yesterday in a grand manner. Harish Shankar is the director.

The shoot of another biggie Pushpa: The Rule featuring Allu Arjun commenced shoot today and Sukumar is the director. Apart from these, the production house has a bunch of films in various stages of pre-production. A clarity about the Income Tax raids is expected in some more time.

Mythri Movie Makers is producing two Tollywood biggies Waltair Veerayya and Veerasimha Reddy. Both these films will release during Sankranthi in a gap of a day. The exact release dates of these films are yet to be announced and the shooting portions of both these films reached the final stages. The distributors are waiting for the producers to finalize the theatrical deals. Mythri Movie Makers is releasing both these films in Nizam region. The deals for the other territories are yet to be finalized. Mythri has to repay back the dues to distributors for Pushpa: The Rise and Sarkaru Vaari Paata (few territories).

The distributors are now questioning about the pending dues so that they can be deducted from the deals of Waltair Veerayya and Veerasimha Reddy. The distributors have to pool out the funds as they have to release two big films but the makers are yet to close the deals. With just five weeks away for release, Mythri Movie Makers will have to close the theatrical deals at the earliest. They will have a tough time ahead as the films of two Tollywood big actors Chiranjeevi and Balakrishna are releasing. Right from the promotions to the release strategy, everything should be well balanced by the makers.

Mythri Movie Makers emerged as a top production house in no time and they are producing films with several top stars. Mythri Movie Makers also created a new trend of paying hefty advances for the actors and technicians. They locked several top, young and talented directors and paid advances. After the pandemic, the perspective of the audience has changed and they turned quite selective. The huge financial crunch turned out to be a stress for filmmakers who are producing multiple films. The distributors too are not ready to pay huge advances or release the biggies on an NRA basis.

Mythri Movie Makers decided to take back the advances from some of the star actors and directors whose projects failed to see light. As they are producing multiple films, the production house is keen to utilize these funds for production instead of waiting for the stars. They recently approached some of the young directors to return the advances as the projects are not on the track. The actors too have multiple commitments and the directors are left in waiting mode for a longer time. Mythri Movie Makers is now back with a new strategy to take back the advances from some of the directors and actors to utilize the funds for production at this crucial time.

Mythri Movie Makers is shelling out huge money and they are producing multiple films with all the top stars of Telugu cinema. Expanding their business, they will soon collaborate with Salman Khan, Vijay and other stars. Mythri Movie Makers is producing Chiranjeevi’s Waltair Veerayya and Balakrishna’s Veera Simha Reddy. Both these films are announced for Sankranthi 2023 release and they are made on massive budgets. This is the first time in the recent years, two biggies produced by a top production house are hitting the screens during the same season. With other films in the race, the distributors are hesitant to pay huge advances for Waltair Veerayya and Veera Simha Reddy.

Mythri Movie Makers decided to release both these films on their own and they will bear the entire risk. The film will be released through their regular distributors on an advance basis. Mythri Movie Makers will bear the entire risk of these films. Sankranthi is the biggest season for Telugu cinema and both Waltair Veerayya and Veera Simha Reddy will have a chance to mint massive money if these films are impressive. Both these films are proper mass and commercial capers which is an advantage. Vijay Vaarasudu is the other film releasing during the season.