Bollywood producers on strike
MUMBAI: After failing to resolve the issue of profit sharing withmultiplex owners, the film producers are all set to go on an
indefinite strike
from tomorrow, stalling any new film releases in these theatres.
"Our demands are just, we want equal shares in profit sharing which is
the norm all over the world. The situation is not in our hands and we
will proceed with the strike as planned," Mukesh Bhatt, Chairman of
the United Forum for Bollywood Producers and Distributors, told PTI.
The year did not start on a positive note for the film industry with
mega budget films like 'Chandni Chowk to China', 'Billu' and 'Delhi-6'
faring badly at the box office.
The strike, therefore, is expected to hurt both the sides as the film
industry is already reeling under the global recession.
The impending strike is likely to affect some major releases like
Vishesh Film's "Jashn," Yash Raj's "New York", Anil Kapoor's 'Short
Kut', 'Sikandar' and Vasu Bhagnani's 'Kal Kissne Dekha.
The disagreement between the two parties is over the revenue sharing
model of 'ticket sales'.
Producers and distributors have demanded a 50 per cent cut while
multiplex owners want to stick to the old arrangement of sharing
between 40-48 per cent, depending on the movie's performance at the
box office.
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