By: RnM Team    02 Oct 07 00:15 IST
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MUMBAI: Subhash Ghai promoted Mukta Arts has pocketed Rs 3 crore by selling the remake rights of Karz to music supremo T-series.The blockbuster Karz released in 1980 has been a big grosser for the company.

However, Mukta Arts has retained the packaging rights of the cassettes, CDs and DVDs of the remake of Karz, says Mukta Arts CEO Ravi Gupta.

The T-series produced remake of Karz will be directed by Satish Kaushik and have singer turned actor Himesh Reshammiya enacting the role Rishi Kapoor played in Ghai`s original. Tina Munim and Simi Garewal were the other two leads in the original.

Urmila Matondkar will be in the role of Simi Garewal in Kaushik`s remake.

Reshammiya will also compose the music of the new version. Laxmikant-Pyarelal won a Filmfare best music director award for this film.

Subhash Ghai`s Karz was loosely inspired by the 1975 Hollywood film The Reincarnation of Peter Proud.

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