Junior NTR lost Rs 12 crore on Kick 2?

Actor loses big money after the flop of Kick 2 which was produced by his brother Kalyanram
Jr NTR apparently lost nearly Rs 12 crore after Kick 2 bombed at the box office. The film was produced by the actor’s brother, Nandamuri Kalyanram. “The film got delayed because of financial problems and at that time Jr NTR had invested nearly Rs 6 crore in it. It was to release in April but got delayed till September,” says a source.
At the time Kick 2’s producer Dil Raju cleared another Rs 6 crore debt of the film, paving the way for its release. “In return, Jr NTR signed a film with Dil Raju and the money that Dil Raju put in was to be his advance remuneration. That’s the reason Jr NTR is going to work with Dil Raju after he finishes his current film with director Sukumar,” adds the source.
Unfortunately, the Ravi Teja and Rakul Preet Singh-starrer Kick 2 was a disaster and did not even recover half of the money put in, meaning that Jr NTR is nearly Rs 12 crore in the process. The actor had even made an emergency trip from the UK (where he is shooting) to settle accounts.
( Source : deccan chronicle )
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