It has been rumoured that People Media Factory will be bankrolling Chiranjeevi's yet-to-be-launched movie with 'Bangarraju' director Kalyan Krishna Kurasala. The banner is one of the biggest houses in the Indian film industry and its supremo, TG Vishwa Prasad, is also a fan of Megastar. But there is no truth in the latest rumour in the town. The banner itself refuted the gossip.
"While People Media Factory will be very happy to do a movie with Megastar garu anytime, the current rumours circulating in social media are pure speculative and not true," the official statement issued on Tuesday reads.
People Media Factory's immediate box office release is Pawan Kalyan's 'Bro', which is slated to be released in theatres on July 28.
The production house is also doing a couple of pan-India movies, web series, OTT shows, etc.