Bollywood producers, multiplexes strike a deal

Mumbai, Jun 5: The two-month long multiplex strike finally came to an end when the Multiplex Owners and the Bollywood Producers reached a deal over the revenue sharing ratios that has left the Indian audiences thirsty for Bollywood movies.

The Bollywood Producers and the Multiplex owners reached an agreement early on Friday, Jun 5 after about four months of negotiations. The meeting took place at Mumbai's Yashraj studios for 12 hours.

"The strike has finally come to an end late in the night and movies will start coming June 12 onwards," Joginder Mahajan, a Delhi-based distributor was quoted as saying in a news agency report.

He also informed that the deal was settled at 50, 42, 35 and 30 percent for the first, second, third and fourth week respectively for all movies and 52, 45, 38 and 30 percent respectively for all blockbuster movies.

OneIndia News