More importantly, they have managed to give Brand Anurag a major leg-up. With two production banners—AKFPL and Phantom Films—under him, Anurag is a studio in himself and getting to be known as the ‘Yashraj of small films’. No wonder the office is buzzing. “But we live from day to day when it comes to money,” says Anurag. His business logic is simple: a film may not be a blockbuster but it should be “risk-sustainable”. It should recover money, no one should make losses. “We work backwards, figure out the potential of the film and budget it accordingly,” he says. When it comes to financing, the route is co-productions, both national as well as international.