Bombay Velvet will be the costliest film to release so far this year, as Fox Star Studious has announced the budget of the film as Rs 80 crore.
Commenting on the speculation around the budget, Vijay Singh, CEO Fox Star, said “The film was finished in 75 days. We never gave numbers but I’m going to give the numbers because I think the time has come to draw a line on this and focus on the right thing which is the quality of the film.”
“The film has cost us 80 crore. What you’ll see on canvas is a film which is worth a lot more.” he added.
The budget of the film, however, does not include the cost of print and advertising.
Bombay Velvet would have to collect upwards of Rs 110-120 crore at the domestic box office, just to recover its costs. The satellite rights of the film is with Star Network.