The Multiplex Association and the United Producers and Distributors Forum met for the third time this week on Friday to further their talks on the settlement of their now eight-month long strike.
Now that the distraction of the Indian Premier League is over, the multiplex association and the forum have begun to speed up the settlement process.
The meeting that lasted almost all evening had the core team, which included a representative from Yash Raj, Eros, UTV, Indian Films and Mukesh Bhatt and others from the multiplex association.
Sources said that a consensus was partially settled upon and the contract is currently being studied to finalise. There are rumours of a multiplex chain parting ways from the cartel, though no confirmation has been made.
The multiplex association and the forum had met on multiple occasions earlier to sort out peripheral issues like ticket prices, producers playing distributors (release in all multiplex or none), multiplexs’ show timings being changed without notifying the producer and maintaining quality of the content.
The producers-and-distributors and the multiplexes have been on strike since April 4 following disagreements on their respective profit-sharing models.