Shah Rukh Khan’s King has reportedly secured a ₹175 crore overseas distribution deal with Dubai-based Phars Films, creating a major pre-release business headline for the Siddharth Anand-directed film. The figure is described as a minimum guarantee (MG), not confirmed box-office revenue or a forecast of the film’s eventual theatrical performance.
The reported agreement would make Phars Films responsible for distributing King directly in the Middle East while working with local partners in other international territories. It also replaces the earlier expectation that Yash Raj Films would oversee the film’s overseas rollout. Trade reports describe the ₹175 crore commitment as the highest overseas minimum guarantee reported for an Indian film to date.
What the reported deal means
A minimum guarantee is an upfront rights commitment made by a distributor to secure distribution access. The arrangement gives the producers a defined amount from the overseas rights deal, while placing the commercial risk of the theatrical release on the distributor. It does not establish how much King will ultimately earn in international cinemas.
Reports indicate that Phars Films plans to handle the Middle East through its own operations and sell or assign rights in selected markets to local distributors. Germany, North America and the United Kingdom are expected to involve territory-level partners, although the final market-by-market structure has not been formally detailed by the producers.
King is scheduled to open in theatres on December 24, 2026. Red Chillies Entertainment’s official film page lists Shah Rukh Khan as the lead and Siddharth Anand as director, while the production is associated with Red Chillies Entertainment and Marflix Pictures.
The film’s reported ensemble includes Deepika Padukone, Suhana Khan, Abhishek Bachchan, Anil Kapoor, Rani Mukerji, Jaideep Ahlawat, Arshad Warsi and Raghav Juyal. King also marks Shah Rukh Khan’s first on-screen collaboration with his daughter, Suhana Khan, according to multiple entertainment reports.
The reported rights value sets a demanding commercial benchmark before release. Trade estimates suggest that, depending on the distributor’s share and additional costs, King may need overseas gross collections in the range of ₹350 crore to ₹375 crore—or potentially more under different distribution assumptions—to recover the reported commitment. Those figures are estimates, not confirmed targets issued by Phars Films or the producers.
King will enter the Christmas and New Year release window, when international screen availability can be affected by major Hollywood titles. For now, the confirmed public details are the film’s December 24, 2026 release date, its Red Chillies Entertainment connection and Siddharth Anand’s direction; the ₹175 crore overseas agreement remains a reported trade development awaiting formal confirmation from the parties involved.
