Piracy Costs Salman Khan’s 'Sikandar' ₹91 crore, Producers Weigh Insurance Claim

Leaked online in HD before its release, the action film struggled at the box office.

Team THR India
By Team THR India
LAST UPDATED: JUN 20, 2025, 11:32 IST|5 min read
Salman Khan in a still from 'Sikandar'
Salman Khan in a still from 'Sikandar'

Salman Khan and Rashmika Mandanna’s Eid 2025 release Sikandar may soon be at the centre of a precedent-setting insurance claim, after piracy reportedly caused losses amounting to ₹91 crore. Despite high expectations and a festival release window, the action drama underperformed at the box office, barely crossing the ₹100 crore mark in India.

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The film’s troubles began on the eve of its theatrical debut, when a high-definition version of Sikandar surfaced on multiple piracy websites. Unlike the typical shaky camcorder leaks, this version was a clean, HD print and even included unfinished VFX and deleted scenes not intended for public release. The leak spread rapidly online, drastically undercutting ticket sales in key markets.

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According to sources quoted by Bollywood Hungama, producers Nadiadwala Grandson Entertainment (NGE) commissioned a detailed audit from Ernst & Young (EnY) to assess the financial damage. The report allegedly estimates losses at ₹91 crore, taking into account pre-release forecasts, regional occupancy trends, and a notable revenue slump that followed the leak. The audit also incorporated advanced digital tracking tools to quantify illegal downloads and streams of the film.

The release was one of the most anticipated of the year, backed by a high production budget of ₹200 crore and the drawing power of Salman Khan. Industry watchers had expected it to cross major box office milestones, particularly during the lucrative Eid period. However, poor critical reception and early piracy allegedly combined to blunt its commercial momentum.

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With Sikandar now available on streaming platforms, attention is shifting to the producers’ next steps. While an insurance claim of this scale remains rare in the Indian film industry, legal experts suggest it could push insurers and filmmakers to more clearly define piracy-related liabilities in future contracts.

Whether NGE ultimately files the claim or not, the case has already reignited conversation about the pervasive economic threat piracy poses to Indian cinema. If successful, it may encourage other studios to pursue similar action and force a broader rethink of how the industry protects its intellectual property in the digital age.

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