The Kapoor family is all set to sell off their iconic RK Studio as it is not economically viable to reconstruct it after it caught fire last year. The RK Studio was founded by the legendary actor Raj Kapoor in the year 1948. Situated in Chembur, Mumbai, the studio has witnessed the making of several films in these 70 years.
The iconic RK studio has produced some classic films like Satyam Shivam Sundaram, Bobby, Mera Naam Joker, Aag Barsaat, Ram Teri Ganga Maili, etc. The last film produced under the banner of RK Studio was Aa Ab Laut Chalein (1999) which was directed by Rishi Kapoor. The film starred Akshay Khanna and Aishwarya Rai.
Last year, on September 16, fire broke out on the sets of 'Super Dancer' at the RK Studio in which the ground floor was destroyed. Fortunately, there was no casualty reported. Rishi Kapoor had earlier expressed that he wants to reconstruct the studio. However, his brother Randhir was not supporting the idea and said that it is not practical.
Randhir confirmed the decision, "Yes we have taken the decision to sell RK Studio. It is already up for sale. After the fire that broke at the studio it was not viable to build the studio again... It was not economically viable to do it again."
Rishi Kapoor spoke on behalf of the family and said: "The investment in rebuilding the studio would just not have yielded sufficient revenue to keep it going. Even before the fire, for years RK Studio had become a huge white elephant, toting up losses."
“We brothers are strongly bonded. But who knows about our children and grand-children? What if differences crop up in the next generation? The studio would only end up in litigation as so many industrial and textile estates have. There would be family differences and only lawyers would end up charging heavy sums of fee. Do you think my father would have liked to see his labour of love become the subject of courtroom proceedings?”
He also told that the number of bookings had decreased substantially over the years with producers preferring studios near Goregaon and Andheri. This is because RK Studio is situated Eastern Suburbs and the location is no more lucrative as it used to be in 40s and 50s. The handful of clients using the studios had started demanding free parking space, air-conditioning and discounts, claims Rishi, which had further added to the losses.
After Raj Kapoor, the studio was taken over by Randhir Kapoor.