In 2015 , the company produced Anushka Sharma 's production debut film '' NH10 '' , and the sex comedy '' Hunterrr '' . Both films proved to be a success . '' Bombay Velvet '' , a period film set in Bombay in the 1960s , based on Princeton University Historian Gyan Prakash 's book '' Mumbai Fables '' , was its next release . It stars Ranbir Kapoor , Anushka Sharma and Karan Johar . The film was a major box-office failure . '' Masaan '' , was phantom 's fourth release of the year . The film won the FIPRESCI Award and the Promising Future award at the 2015 Cannes Film Festival . The string of box-office failures for Phantom Films continued with '' Shaandaar '' ( 2015 ) , starring Alia Bhatt and Shahid Kapoor
2015 Cannes Film Festival
2015 Cannes Film Festival
Phantom Films