Harry Potter not releasing in multiplexes?
Harry Potter fans might have to queue up at single screens if Warner Brothers and multiplexes continue with their deadlock. Multiplex owners in India want a heftier share in profits for Harry Potter And The Deathly Hallows: Part 2 while the producers...hollywood Updated: Jul 15, 2011 16:04 IST
The war between multiplex owners and producers over profit sharing is not new. The deadlock between Warner Brothers and multiplexes over Harry Potter And The Deathly Hallows: Part 2 adds another chapter to the ongoing tussle.
According to sources, multiplex owners in India want a heftier share in profits for the last Potter movie while producers are adamant over the 50:50 profit sharing ratio.
The delay in agreement between the two parties has hit the film financially. Not only the paid previews of the movie have been cancelled, it has also affected the advance booking of the tickets.
Last evening, a group representing multiplex owners of the country, visited the Warner Brothers office for renegotiations, but if sources are to be believed the Harry Potter producers are adamant at their stand.
“We are working with each of our multiplex partners to find the best possible way of ensuring that the many thousands of Potter fans across India can see Harry Potter and the Deathly Hallows Part 2, the much-anticipated final instalment in this record-breaking film saga,” Denzil Dias of Warner Bros Pictures, India told the Calcutta Telegraph.
Theatres have confirmed to Mid Day that the paid previews stand cancelled and shows are confirmed only in single screen theatres.
Fans who are trying to book advance tickets for the movie at multiplexes are returning disappointed, reports Telegraph.
Profit sharing demand
Hollywood producers get 50% in the first week, 42.5% in the second week, 37.5% in the third week and 32.5% in the fourth week. Multiplex owners are offering 45% in the first week, 37% in the second week, 32.5% in the third week and 25% in the fourth week, reports the tabloid.