Multiplexes, producers agree on formula, first show June 12
The two-month-old row between producers and multiplex owners over revenue sharing has ended, paving the way for a slew of releases from June 12. Both sides had met several times over the last month, but ultimately thrashed out their differences at a marathon 14-hour session at Yash Raj Studios on Thursday. The deal—BIG Cinemas was first to sign on the dotted line—was sealed at 3.30 am.
“Both sides have agreed to the deal,” said Reliance BIG Entertainment chairman Amit Khanna. However, other exhibitors such as PVR, Fame, Inox and Cinemax are yet to ink the agreement, said Kishore Lulla, CEO of Eros International, one of the industry’s largest producers and distributors. According to sources, they are expected to sign on Monday.
Under the terms agreed, producers and exhibitors will now share 50% of the box-office revenues in week one, then 42.5%, 37.5% and 30% in subsequent weeks.
To read the full article, click here..
To read the ePaper, visit: http://epaper.financialexpress.com
“Both sides have agreed to the deal,” said Reliance BIG Entertainment chairman Amit Khanna. However, other exhibitors such as PVR, Fame, Inox and Cinemax are yet to ink the agreement, said Kishore Lulla, CEO of Eros International, one of the industry’s largest producers and distributors. According to sources, they are expected to sign on Monday.
Under the terms agreed, producers and exhibitors will now share 50% of the box-office revenues in week one, then 42.5%, 37.5% and 30% in subsequent weeks.
To read the full article, click here..
To read the ePaper, visit: http://epaper.financialexpress.com
Labels: big cinemas, box office, cinemax, fame, first show, inox, multiplex, multiplex owners, producers, pvr, Reliance BIG Entertainment, revenue sharing, revenues, yash raj studios
posted by PressMart Team at
11:10 AM
0 Comments:
Post a Comment
<< Home