Phars Films pays Rs 175 crore for ‘King’ overseas rights in record deal

The Story in Brief

Phars Films has acquired the overseas distribution rights of Shah Rukh Khan’s upcoming film ‘King’ for a minimum guarantee (MG) of Rs 175 crore, the highest-ever overseas deal for an Indian film, according to reports by Pinkvilla, 123telugu.com and NDTV Profit. No Indian film had previously secured an overseas MG of even Rs 100 crore.

Phars Films pays Rs 175 crore for ‘King’ overseas rights in record deal

The deal marks a shift from Yash Raj Films, which was originally slated to handle the overseas release. Phars Films will manage the Middle East market directly and other international territories through local distributors. Directed by Siddharth Anand, the gangster action drama marks the theatrical debut of Suhana Khan and features a cast including Deepika Padukone, Abhishek Bachchan, Rani Mukerji and Anil Kapoor. ‘King’ is scheduled for release on 24 December 2026.

Indian Opinion Analysis

All three outlets report the same core figures: Phars Films has taken over overseas distribution of Shah Rukh Khan’s ‘King’ from Yash Raj Films, paying a record Rs 175 crore minimum guarantee. Pinkvilla’s exclusive, which the others cite, leads with the unprecedented sum and the fact that no Indian film had previously crossed Rs 100 crore on an MG basis. 123telugu.com adds the supporting cast and the release date of 24 December 2026, which NDTV Profit omits. NDTV Profit’s straight-news version adds detail on how Phars will handle the Middle East directly and other markets through local distributors, a fact the other outlets do not include. The coverage is uniform wire-copy-style reporting, the differences are omissions of cast or release logistics. The next concrete milestone is the film’s release on 24 December 2026.

Coverage: 3 sources, 3 neutral


Sources (3): pinkvilla.com (neutral report), 123telugu.com (neutral report), ndtvprofit.com (neutral report)

This brief was synthesised by AI from the 3 sources linked above, so one read covers every framing they carry. Methodology and corrections.

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