"Issues whatsoever were only business oriented and it was mutually discussed and we arrived on a compromise on the best interest of the film industry. We wish the film, the artistes, the technicians, the producers and the exhibitors best of success," said a statement from Picturehouse Media.

On Friday, Picturehouse Media moved to Madras High Court seeking an interim stay on the release of 'I', following unpaid dues by the film's producer Aascar Ravichandran.

Upon hearing the petition, Justice R Mahadevan ordered interim stay and gave time till January 30 to settle dues.

Directed by Shankar, 'I' also features Amy Jackson, Upen Patel and Suresh Gopi in the lead.

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