End of An Era for Mani Ratnam ?

It is a known fact by now that Mani Ratnam's 'Kadal' has totally sunken at the box office.After the release of 'Vishwaroopam' in Tamil Nadu, the movie has struggled to hold on to theatres which was screening the movie.'Kadal' a straight Tamil film from Mani after 11 years came in with huge expectations and was sold to Gemini Films in March 2012 at a huge cost. Now distributors have started to complain that they weren't even able to recover 50% of the cost. It was at this point when all distributors lined up at Madras Talkies office in Adyar and demanded Mani should compensate for the loss they have suffered.

But Mani has stated that his production house is not responsible for the losses incurred.In a statement released by the production house which said "Madras Talkies had sold their film 'Kadal' (Both Tamil and Dubbed Telugu Version) to Gemini Industries and Imaging Ltd in March 2012 on Minimum Guarantee Basis,Madras Talkies has had no other dealing with anyone else for the distribution of their film,nor has been party to any contracts Gemini might have entered into in this regard".

Distributors who were hoping for some compensation for the huge losses that they have faced were hugely disappointed even more when Gemini Industries also stated that they are no way responsible for the loss suffered by the distributors.
Looks like this could the end of an era for the Legendary Mani Ratnam.

Updated 27/2 14:13 :
The Latest on Mani Ratnam's disastrous venture "Kadal" is that "Mannan Films" have filed a complaint against "Mani Ratnam" in regard to the 16 Crores they have suffered in releasing "Kadal" and they have also added in the complaint that they were threatened by Mani Ratnam's Manager in regard to this claim. 
In return the legendary director has also gone out  a filed a petition in Abhirampuram police station seeking police protection.