Welcome 3: Akshay Kumar To Cut Down Fee For His Upcoming Films; Will Share Profits With Firoz Nadiadwala

After two box office disasters in a row, Akshay Kumar finally breathed a sigh of relief with his most recent flick, ‘OMG 2’. The film grossed over Rs 100 crore at the global box office and was a smash hit. The actor already has numerous additional projects in the works, including a return to the popular film franchises ‘Hera Pheri’ and ‘Welcome.’ According to reports, Akshay has decided to take a wage reduction for ‘Welcome 3’ and ‘Hera Pheri 3’ and will split revenues with the films' producer, Firoz Nadiadwala.

Fans have been eagerly anticipating the release of the third instalment of the cult comedy film trilogy Hera Pheri. While there were rumours, that Kartik Aaryan would replace Akshay in the film when the ‘OMG 2’ star turned down the invitation to star in ‘Hera Pheri 3’, Akshay bowed to fan pressure and joined Suniel Shetty and Paresh Rawal in the film. According to reports, the actor has agreed to take a salary cut for the picture.

(Also Read: Welcome 3: Akshay Kumar, Raveena Tandon To Sanjay Dutt; CHECK OUT The Grand Star Cast!)

According to a news outlet, Akshay was upset over Kartik replacing him in ‘Hera Pheri 3’ and went to producer Firoz Nadiadwala to settle all disputes. The actor will now appear in Welcome 3 and reprise his roles as Rajeev and Raju in ‘Welcome 3’ and ‘Hera Pheri 3’ respectively.

Akshay also kept in mind Firoz’ financial conditions and decided to enter a profit-sharing deal with the filmmaker. “Akshay decided to completely sacrifice his fees, and entered into a profit-sharing model with Firoz Nadiadwala on entire revenue. Firoz wanted to retain the IP, and hence he has complete control over the IP, however, he will be sharing revenue with Akshay in a pre-decided ratio," a report revealed.

The report added that Akshay personally spoke to Jio Studios to get them on board as partners with Firoz Nadiadwala. “Once Jio came on board, it was one arrow, 3 solutions - Firoz got out of his debts, the franchises were revived and Akshay will be getting his share of profit from Jio, without any risk of films getting shelved,” the report revealed.

(Also Read: Housefull 5: Akshay Kumar Starrer Film’s Release Gets A Confirmation (Details Inside))

Non-cooperation notice against Firoz Nadiadwala

The Federation of Western India Cine Employees (FWICE) has issued a non-cooperation order against the filmmaker and his next project, Welcome 3, for failing to pay nearly Rs 2 crore in dues to various artists. This includes director Anees Bazmee, who stated that the filmmaker's payment for ‘Welcome 2’ was not finished. The cooperative requested that the cast and crew of ‘Welcome 3’ halt filming until all outstanding debts were paid.