Karan Johar

Quoting his mentor while commenting on the ongoing production freeze among various cash-strapped studios in Bollywood, producer Karan Johar said, "There is one rule of the business of filmmaking I live by, which I learnt from Yash Chopra: Films don't fail, budgets do." In an hour-and-half long session at the Jagran Film Festival (JFF) on Saturday, Johar spoke extensively on the rather rhetorical topic, 'Is Bollywood shutting down?'.