Doesn't sell distribution rights of upcoming films to Yash Raj, but to UTV

The unexpected has happened. Yash Raj Films are no longer the sole distributors of Karan Johar's productions projects.

In a shocking development, Karan has sold the rights of his next two films Wake Up Sid and Rensil D'Silva's untitled film to UTV for a whopping Rs 60 crore.

Meanwhile, the distribution rights for the Karan Johar-directed My Name Is Khan are still up for grabs.

Read on for a exclusive chat with KJo...

Karan Johar and Ronnie Screwvala together?
Our priorities are similar. First cinema, then the business of cinema. We both understand that it's finally about business. UTV has made niche cinema into a mainstream event. Their sense of publicity and marketing is amazing.