The wait and watch approach adopted by the producers of the 'Phoonk' has paid off.

The movie was not released anywhere outside India, but now as it has been declared a thumping success here, the financiers are sure of its success in other countries also.

The low budget movie has set the cash registers ringing all over India due to a great opening and good response from the film lovers and thus making it sure that now itself the financiers have got more than double of the actual budget.

Now the producers of the project are taking the film to foreign countries as now it can be marketed banking on its success in India.

To attract the film lovers of Europe the movie will be dubbed into Spanish, German and French.

So in this way the film will be able to reach out not only to the non resident Indians living in countries in the Middle East, UK, Australia and America where the English dubbed version will be shown, but also to a larger part of the globe.

The Telugu dubbed version will be released titled as 'Raksha' and it will also be dubbed in Tamil and Malayalm.

Ram Gopal Varma has shown again that it does not take much time for him to bounce back and in the end what matters the most is the box office collection of a film and nothing else.