We had earlier reported on how the trade has been betting big on Jr NTR's upcoming film Devara Part 1! Several top Tollywood producers have been vying to bag the theatrical rights of the Koratala Siva directorial in Andhra Pradesh and Telangana.
While several distributors are already in talks with the Devara filmmakers and are about to close the deal, rumours were rife that Producer Naga Vamsi had acquired the theatrical distributions rights for a whopping amount.
Also Read: Devara Gets New Release Date
So, when rumours surfaced that he had bought the film's rights, the producer was quick to set the record straight.
"There is no truth in the "images" and "updates" being circulated on social media. Any official update about our production or distribution will be announced through us and US, ONLY. Kindly refrain from believing in rumours from any other sources," clarified Naga Vamsi on X. Perhaps a better picture would emerge in the coming days.