Wednesday, February 25, 2009
There is yet more controversy in Bollywood. According to reports, the Producers' Guild of India has decided not to release any more films in multiplexes.
Vashu Bhagnani, Chairman of Pooja Films announced that after Delhi-6, no other Bollywood film would release in multiplexes till negotiations with theatre owners start.
The whole commontion started when the Producers' Guild made a statement saying that owners of multiplexes demand an 'imbalanced and unfair share' in the profit of movies running in their theatres.
"The movies will release in multiplexes only after the settlement with the multiplex owners. Every time they demand an increased percentage of profit in films despite the increase in production cost and the global recession effect on entertainment industry. "
Vashu Bhagnani, Chairman of Pooja Films announced that after Delhi-6, no other Bollywood film would release in multiplexes till negotiations with theatre owners start.
The whole commontion started when the Producers' Guild made a statement saying that owners of multiplexes demand an 'imbalanced and unfair share' in the profit of movies running in their theatres.
"The movies will release in multiplexes only after the settlement with the multiplex owners. Every time they demand an increased percentage of profit in films despite the increase in production cost and the global recession effect on entertainment industry. "
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