Bollywood producers strike ends
The revenue sharing dispute between Bollywood producers and the metro-multiplex owners has been resolved and the producers announced the end of their strike which means new films will now release in theatres from next week onwards.
According to Bollywood sources, the two parties reached a consensus over the rationalisation of revenue sharing for forthcoming films.
The final settlement percentage of producers share is 50, 42, 35 and 30 for the first, second, third and fourth week respectively for all movies and 52, 45, 38 and 30 respectively for all blockbuster movies that manage to collect more than Rs 17.5 crore ($3.5 million) only at the six leading multiplex chains.
The top national multiplex chains in India are PVR, Big, Inox, Fame, Cinemax and Fun.