Cast and Crew of 3 Idiots

990 Words Mar 25th, 2014 4 Pages
Date: November 21, 2013
From: Anubha Bang
To: Cast and Crew of 3 Idiots and Chetan Bhagat
Re: Story Credit Row

3 Idiots is the highest grossing box office hit in India’s movie history. To date, the film has collected USD 60M worldwide from theatrical ticket sales. But, 3 Idiots is better known for the story credit controversy that surrounded its release in December 2010 than the actual content of the movie. The author of the book Five Point Someone, from which the movie is allegedly adapted, has accused the makers of the film from denying him due credit. This is a classic problem in the Indian movie industry where unknown writers are pushed over by more financially secure directors and producers. However, in this
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He was a fairly well known author, but having a Bollywood film under your belt is a whole different game and he may have been all too eager to get this achievement on his resume. His BATNA to the contract he entered in, was to not have the movie made at all and this was definitely such an undesirable outcome for him that his reservation/indifference point was way below that of the filmmakers’. The producer of the film was aware of Bhagat’s reservation point and was thus able to strike a deal without clearly specifying the credit clause. The producer created value for himself by withholding critical information and capitalizing on Bhagat’s overindulgence in trading information. Thus, Bhagat would have been better off by reserving some of his enthusiasm and maybe biding time and approaching other production houses to ensure a fairer negotiation. While writing this memo, I contacted both the parties involved and was fortunate enough to get a comment from the author, Chetan Bhagat. He confirmed the following, “At the time of signing a contract my writing career had just started to take off and there were substantial bargaining asymmetries between an individual author and a production powerhouse with ample financial and political muscle. So much for the freedom of contract!” Thus, if the makers were not as involved in self
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