Overview
- The public notice, published July 4 in trade magazine Complete Cinema, says Cape of Good Films LLP holds an “irrevocable, worldwide, perpetual and unencumbered” licence to produce, distribute and commercially exploit Hera Pheri 3 across all media and future technologies.
- The notice explicitly cautions distributors, exhibitors, OTT platforms, broadcasters, advertisers and other industry parties to refuse any deals with third parties that claim rights without Cape’s prior written authorisation and warns that Cape will pursue legal remedies against unauthorised transactions.
- The announcement adds a new public enforcement step to an ongoing legal dispute over franchise ownership that includes a Seven Arts International claim in the Madras High Court challenging earlier transfers of rights from producer Firoz A. Nadiadwala.
- Director Priyadarshan has stepped away from the project, saying legal complications and personal conflicts influenced his exit, and he has told media he has seen paperwork reportedly showing Akshay Kumar bought franchise rights for Rs 10 crore.
- The net effect is that Hera Pheri 3 remains stalled with production off the floor, industry partners likely to avoid commercial deals until courts or negotiations resolve ownership, and fans left uncertain about when the sequel will go forward.