The meeting took place in Yashraj Studios on Tuesday, May 5 reached a dead end as neither of the parties were ready to budge on the revenue sharing. While the producers expect a flat 50 per cent of the revenue, the multiplex owner propose 50 per cent ,40 per cent , 30 per cent profit share in the first, second and third weeks respectively.
The Bollywood producers have now resolved to screen their movies in the single screen theatres.
"We have to get back to old school to release films in single screen theatres," said producer Mukesh Bhatt.
The multiplex owners continue to have refused to say anything as of now.