'Bheema' in Telugu may not release at all?

Bheema is a huge budget movie in Tamil, somehow this movie started first day with mixed talk and could do some good business as time passed on, but could not turn out as a big hit. A M Rathnam is in deep financial crisis which delayed in the movie being released on time, this released in Malayalam and turned out to be a big disaster. This was supposed to be released in Telugu but producer is in dual mind looking up to the outcome of the movie, of late producer is thinking to drop this proposal of releasing in Telugu altogether. He lost big money and thinks no point in venturing in Telugu anymore which may stop him from further loss. According to film nagar sources, this movie may not release at all.