I love fulfilling desires of my children: Shah Rukh Khan

May 9, 2016

Mumbai, May 9: Superstar Shah Rukh Khan has been ruling Bollywood for the last two-decades but he says he doesn't celebrate success and loves fulfilling desires of his children.

SRK"I am a 'fakir' that ways, I don't celebrate success. If you meet me for seven days I would be in the same pants. I love giving things to people. I don't buy anything for myself. I don't have the requirement to spend money on myself," Shah Rukh said.

"I don't have any personal desires, I love fulfilling desires of my children. I don't listen to music so I don't buy speakers. I have lot of shoes, but all that comes from shootings because I wear sneakers," he said.

However, Shah Rukh says his expenditure is mostly on his lifestyle.

"I love big things, so we have a big house, big office and big films, my money gets spent on all this. The only time I spend money is on filmmaking. I don't go out to restaurant, I eat at home and that too same food. I don't buy new clothes. And whatever I have an excitement for, I am already endorsing it," he said.

After achieving immense success, Khan now has a huge empire- a film production company, VFX studio, IPL team, investments in companies and properties abroad.

"I feel I should do something new as I have got the opportunity to do it. A lower middle class boy comes from Delhi has not even a penny to his name, parents are not there, orphan and you get these opportunities," Shah Rukh said.

"But if I don't do all this (investments in IPL team, VFX studio), then I would be the biggest star at leisure doing my acting, endorsements and take some holidays," he said.

The "Fan" star is aware that he may fail at doing things, but he is more content with taking risks and trying out different things.

"I may fail but at least I gave it a shot. We all will fail, we all will have an end to our career one day, so let's try something new," the 50-year-old actor said.

Shah Rukh admits he hardly sits with his team (related to his businesses) primarily due to time constraints.

"I hardly spend an hour or 15 minutes with my team which is wrong. Aditya Chopra (filmmaker-friend) keeps telling me that I should sit down on the businesses," he said.

"As an actor, I spend ten hours on a set, I hardly get time. I believe and have faith in my team, I feel they are fantastic managers, better than me. They come to me and ask if a thing is right or wrong," he said.

However, earlier SRK used to take keen interest in developing his huge empire, including the IPL team and the companies where he has invested.

"Ten years back I was hands-on, I used to even write ads for KKR (his IPL team), I used to edit ads. Three years ago I entered into lot of things and I closed down lot of stuff also," he said.

"Now I only do film production, VFX, KKR, Kidzania and my acting career. I am not into day-to-day running of all these things," the "Dilwale" star said.

Shah Rukh doesn't believe in taking loan, rather he falls back on his own capabilities.

"I go and do certain things that people don't do like, dance at functions, do more appearances and few more endorsements and put back the money in the company. My belief is I should be able to run my business. I put my money where my mouth is. So far so good," he said.

Shah Rukh said whatever he earns, he invests it back into his businesses .

"My personal money is what I get from acting and from here and there (meaning endorsements). I don't need money that ways. We are spending not much more than what we are earning and if we do, I have to work out and we try to cut down stuff," he said.

Meanwhile, on work front, Shah Rukh will be seen next in "Raees". He is also doing Gauri Shinde's film with Alia Bhatt, and has a film each with Anand L Rai and Imtiaz Ali.

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News Network
June 9,2020

New Delhi, Jun 9: Multiplex operator PVR on Monday said it has cut salary across various levels, laid off employees and deferred increments during the lockdown to mitigate adverse impact of COVID-19 on the business.

The company said at present it is not generating any revenue from exhibition business and related activities as cinemas across the country are shut following the directions from the regulatory authorities.

According to the company, closure of screens during the lockdown will have a significant negative impact on profitability and liquidity.

PVR has taken measures to reduce its personnel cost, including salary cuts across various levels in the organisation during the lockdown along with "reduction in headcount by way of layoffs/retrenchment" to mitigate the adverse impact of COVID-19 on the business.

Moreover, the board of the company, in its meeting held on Monday has also approved plan to raise Rs 300 crore through rights issue.

"Since Cinema Exhibition is the only business segment, company is currently not generating any revenue from admissions, food and beverage sales or other revenue and cash flow from operations," said PVR in an update.

Beginning from March 11, PVR started closing its screens in accordance with the order passed by various regulatory authorities and within a few days most of our cinemas across the country were shut down, it added.

The company will continue to incur committed cash outflows, including employee salary pay-outs, other overheads as well as payments for older working capital.

"This has and will have a significant negative impact on profitability and liquidity during lockdown and even thereafter till business comes to normalcy," it added.

Further, once the cinemas are re-opened, we may not be able to run our cinemas at normal capacity utilisation levels on account of social distancing measures that cinemas may be required to follow as well as health concerns that the patrons may have, the multiplex operator said.

"On account of this, our revenue and cash flow generation may be impeded even once we are allowed to restart operations," it added.

The company has also deferred decision on on increments to reduce its cost, it added.

PVR has also written to developers for waiving rental and CAM (Common Area Maintenance) charges for the lockdown period.

It is in discussion with developers for reducing rentals post re-opening and has invoked force majeure clause in its agreements with them.

Besides, the company has raised additional borrowings from existing bankers to shore up liquidity.

"As of March 31, 2020 the company had cash and bank balance of Rs 316 crore. As on June 7, 2020 cash and bank balance is Rs 227 crore (including undrawn bank lines)," it added.

Over reopening of theatres, PVR said that the government has come out with a phase-wise schedule.

In these guidelines cinema halls have been kept in the third phase of re-opening, where dates will be decided based on assessment of the situation.

"We are in continuous engagement with all regulatory authorities and hope to receive the necessary permissions for restarting opening in the near future," it added.

Currently PVR operates 845 screens in 176 properties in 71 cities.

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News Network
May 26,2020

New Delhi, May 26: As the country celebrated Eid-ul-Fitr in the testing times of coronavirus this year, megastar Shah Rukh Khan's greetings reflected of blessings from the almighty to help the countrymen sail through the tough times.

The 54-year-old actor took to Twitter to extend Eid greetings to his fans.

"May the blessings of Allah see us through these times," he wrote in the tweet.

"In the end, it's Faith that keeps us going... Eid Mubarak to all. May He shower all with love, peace and prosperity always," Khan's tweet further read.

Eid-ul-Fitr marks the conclusion of the holy month of Ramzan, which is a month of fasting and prayer for the Muslim community.

This year, Eid is being celebrated amid a nationwide lockdown imposed as a precautionary measure to contain the spread of COVID-19.

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News Network
June 24,2020

Mumbai, Jun 24: Veteran choreographer Saroj Khan has been admitted to a hospital here after she complained of breathing problems.

According to a source close to her family, the 71-year old choreographer was rushed to Guru Nanak Hospital in Bandra on Saturday.

Following her hospitalisation, a mandatory Covid-19 test was done, which turned out to be negative.

"She is fine now and recovering. She had breathing issues and was taken to hospital for that. Her Covid test was done which turned out negative. She doesn't have any symptoms. She is likely to be discharged in a day or two," the source told PTI.

In a career spanning over four decades, Khan is credited with choreographing more than 2,000 songs.

The three-time National Award winner has choreographed for some of the most memorable tracks, including "Dola Re Dola" from Sanjay Leela Bhansali's "Devdas", "Ek Do Teen" from Madhuri Dixit-starrer "Tezaab" and "Ye Ishq Haaye" from "Jab We Met" in 2007.

She last choreographed for "Tabaah Hogaye", featuring Madhuri from filmmaker Karan Johar's production "Kalank" in 2019.

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