Ajay Devgn’s Chauhaan Rights Deal REVEALED: Jio Studios Gets 50% IP And 100% Rights

Ajay Devgn’s upcoming Hindi film Chauhaan has made headlines even before its production agreement is formally finalised. A proposed rights arrangement between Reliance Industries Limited’s media and entertainment division Jio Studios and Aanand L Rai’s Colour Yellow Media Entertainment Private Limited has revealed significant details about how the film’s intellectual property and exploitation rights could be structured.

According to a public notice issued by Reliance Industries Limited in the August 22, 2026 issue of Complete Cinema magazine, Jio Studios is in the process of entering into a production agreement with Colour Yellow for Chauhaan, which stars Ajay Devgn in the lead.

The proposed arrangement gives Jio Studios a substantial stake in the film’s intellectual property while also placing the exploitation and music rights entirely with the studio.

Importantly, the agreement is still described as being in the process of being entered into. Therefore, the rights structure should be understood as a proposed arrangement rather than a completed deal.

Ajay Devgn’s Chauhaan Rights Deal: What Does Jio Studios Get?

The public notice provides considerable detail about the proposed rights arrangement between Jio Studios and Colour Yellow.

Under the proposed agreement, Jio Studios will acquire 50% of the intellectual property rights in Chauhaan. The studio will also acquire 50% of the film’s derivative rights.

These rights will cover the underlying works associated with the film and will extend across all languages worldwide and in perpetuity.

This means Jio Studios is positioned to have a significant long-term stake in the intellectual property created around Chauhaan.

The proposed arrangement also goes considerably further when it comes to exploitation rights.

Jio Studios To Get 100% Exploitation Rights Of Chauhaan

One of the biggest aspects of the proposed deal is that Jio Studios is set to acquire 100% of the exploitation rights of Chauhaan and its associated material.

These rights would cover all languages, platforms, media, mediums and formats.

The arrangement is also intended to cover both existing methods of exploitation and future forms of exploitation that may emerge.

In practical terms, this gives Jio Studios complete control over the commercial exploitation of the film under the proposed agreement, despite the studio acquiring 50% of the intellectual property and derivative rights.

Jio Studios To Own 100% Music Rights

The music rights form another major component of the proposed arrangement.

According to the public notice, Jio Studios will acquire 100% of the worldwide music rights of Chauhaan.

These rights will reportedly be held worldwide and in perpetuity.

The music rights could therefore become another important commercial component of the Ajay Devgn-starrer as the film moves through production and eventually towards its theatrical and post-theatrical release.

What Happens To Future Chauhaan Spin-Offs Or Derivative Projects?

The proposed agreement also includes provisions concerning future audio-visual projects based on Chauhaan.

Jio Studios will have a right of first offer to produce, along with Colour Yellow, any audio-visual derivative works based on the film.

This could become significant if the Chauhaan universe is eventually expanded through spin-offs, sequels or other derivative projects.

However, there is currently no official confirmation that any sequel or spin-off is being planned.

The provision simply establishes Jio Studios’ position should derivative audio-visual works based on the property be considered in the future.

Who Is Making Ajay Devgn’s Chauhaan?

Chauhaan is being written and directed by Neeraj Yadav, according to the public notice.

Filmmaker Aanand L Rai is attached to the project as its creative director.

Colour Yellow Media Entertainment Private Limited is involved in the proposed production arrangement, while Jio Studios is set to enter into the production agreement with the company.

The film stars Ajay Devgn, adding considerable anticipation to the project given the actor’s established presence in Hindi cinema.

What Does The 50% IP Deal Actually Mean?

The distinction between intellectual property rights and exploitation rights is important in understanding the proposed Chauhaan arrangement.

Jio Studios is proposed to receive 50% of the intellectual property and derivative rights. However, it is separately proposed to receive 100% of the exploitation rights and 100% of the music rights.

Intellectual property rights can cover ownership interests in the underlying creative property and derivative works, while exploitation rights relate to the commercial use and distribution of the film and associated material across different platforms and formats.

Therefore, the proposed agreement gives Jio Studios a particularly strong commercial position around the film.

Reliance Industries Invites Claims And Objections

The public notice also includes a provision for third parties who may have a claim, objection, right or interest connected with the proposed arrangement, the film or its rights.

Reliance Industries has invited such parties to submit their claims or objections along with documentary evidence.

The notice provides a period of seven days from its publication for submissions.

This is part of the formal process associated with the proposed rights arrangement.

Is The Chauhaan Deal Finalised?

At this stage, it is important not to describe the arrangement as a completed rights acquisition.

The public notice specifically states that the production agreement between Jio Studios and Colour Yellow is in the process of being entered into.

The notice therefore provides a detailed picture of the proposed structure, but the final contractual status may depend on the completion of the agreement and related formalities.

Why The Chauhaan Rights Deal Is Significant

The proposed deal highlights the increasing importance of intellectual property ownership and long-term exploitation rights in the Indian entertainment industry.

For a major Hindi film, rights are no longer limited to theatrical distribution. Streaming, television, music, digital platforms, international markets, future formats and potential derivative works can all form significant parts of a film’s commercial ecosystem.

In the case of Chauhaan, Jio Studios’ proposed acquisition of 50% IP and derivative rights, combined with 100% exploitation and music rights, creates a particularly extensive rights arrangement.

The involvement of Ajay Devgn and Aanand L Rai also makes the project one to watch as further details about its cast, storyline, production schedule and release plans emerge.

For now, the key takeaway is that Jio Studios is proposed to take a major commercial position in Ajay Devgn’s Chauhaan, although the production agreement has not yet been described as fully executed.

Ajay Devgn’s Chauhaan: Key Details

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