Featuring Ranbir Kapoor, Anushka Sharma and Karan Johar, Bombay Velvet opened to negative reviews and failed at the box office too. "I failed as a producer terribly because Anurag could have made Bombay Velvet one of his best films. I handicapped him and will never do it again," said Vikas Bahl
"We at Phantom Films make movies which we are passionate about," said Vikas Bahl
Filmmaker Karan Johar will be seen on the big screen again and the makers of Bombay Velvet say that he didn't accept a single paisa as an actor's fee for his negative role in the film.