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War over! Movies on!

entertainment Updated: May 29, 2009 17:51 IST
War over! Movies on!

If industry insiders are to be believed, multiplex-producer war is finally over! If all goes well, the cinegoers can get to see their favourite movies soon.

An industry insider said, “The final settlement reads 50 per cent in the first week, 42.5 per cent in the second week and 35 per cent revenue in the third week for the producer of all films.”

The bone of contention was the revenue sharing between the two parties. While producers demanded 50 per cent revenue share for all films for all weeks, while the exhibitors wanted a performance-linked arrangement where the revenue split would depend on the audience response.

The settlement was reached during a meeting on Wednesday night held at a Bandra five-star hotel. The meeting was attended by Aamir Khan, Shah Rukh Khan, Ronnie Screwvalla, Yash Chopra, Vidhu Vinod Chopra, Sunil Lulla and Amit Khanna (who represented the multiplexes) among others.

If everything turns out well, films will start releasing in multiplexes from Friday, June 5.

Filmmakers Mahesh Bhatt and Ramesh Sippy confirm to a Mumbai tabloid that some kind of arrangement has been reached between the producers and multiplexes.