Shah Rukh Khan Loses BYJU’s 3-4 Crores Revenue As The Brand Stops All The Ads Post Aryan Khan’s Arrest
Bollywood star Shah Rukh Khan has been making headlines for all the wrong reasons after his elder son Aryan Khan was arrested from a cruise ship for the consumption of illegal substances. Although he’s facing the toughest time of his life, fans are showing their full support.
The move comes after the tech giant faced multiple backlash from netizens since NCB conducted a raid on the luxury cruise and arrested superstar‘s son along with seven others. Some social media users claimed that endorsing an education app by someone who can’t teach his own child to act lawfully will impact their image badly. Also Read-Kamaal R Khan: “NCB spent Rs 20 lakh of taxpayers money on cruise tickets’ to ‘harass’ Shah Rukh”
As per report in Koimoi.com, Although BYJU’S official spokesperson declined to comment on this matter, but another person involved told Economic Times, “They have paused all SRK-related promotions for now. It had to be pulled as the company which is in the area of education wouldn’t like to be seen in promotions with him given the controversy (over the drug case involving his son) These ads were booked in advance—as is the process—so it took some time to stop all of them.” Also Read-VIDEO: Gauri Khan Looks Devastated As She Arrives At NCB Office To Meet Aryan
BYJU’S had also planned a new ad campaign with Shah Rukh Khan just a few weeks back and they were also planning for IPL ads too, another person involved adds, “For Byju’s, they had planned for IPL ads too and now there is a discomfort around that as the tournament moves to its next stage. It’s not clear if they will be able to pull out of all IPL promotions,” another person aware of the matter said.” Also Read-SRK and Nayanthara’s ‘Lion’ to be based on a bank robbery: Report
Apart from the educational tech company, SRK is also the face of big brands like Hyundai, LG, Dubai Tourism, ICICI Bank, Reliance Jio. Reportedly, the education company has the biggest sponsorship deal with the superstar, he was paid nearly Rs 3-4 crore per year for the endorsement.
Meanwhile, Tata Group is also maintaining silence on the matter, on the other hand, Rohit Ohri, group chairman at creative ad agency FCB India shared that pausing Shah Rukh Khan’s association will affect BYJU’S in a bad way.
“BYJU’S has benefited immensely from its association with SRK. Shah Rukh’s association with the edtech brand has been so intrinsic and so deep, that even if BYJU’S is pausing the advertising for now, it will be very difficult for the brand to delink itself from SRK.”
As of now, the mumbai court has ruled out Aryan Khan’s bail plea and said, “Have heard the applications and the submissions. The applications are not maintainable before us and hence rejected.”