Mumbai, As 2009 moves into its second half, the Bollywood box office can look back at just a handful of success stories. While a film producers’ strike resulted in a virtual drought of movies for two whole months, the poor quality of the few that were released didn’t help either. From January to June, about [...]
Mumbai, The Hindi film industry was hit badly by the stand off between producers and multiplex owners and lost about Rs.300 crore, says Amit Khanna, chairman of Reliance Big Pictures, who was one of the architects of the 12-hour meeting between the two parties. But he adds that the row had brought about more cohesiveness [...]
New Delhi, Heaving a sigh of relief after a 14-hour meeting that Friday resolved a crippling four-month dispute between Bollywood producers-distributors and multiplexes, United Producers and Distributors Forum (UPDF) chairman Mukesh Bhatt said that he was glad to have finally achieved “fair rights for Friday nights”. “We are so happy that that we have achieved [...]
New Delhi, The two-month-long standoff between the producers-distributors and multiplex owners over revenue sharing, which was resolved Friday, has led to a whopping Rs.300 crore (Rs.3 billion) loss to the industry. “The strike has cost the Indian film industry over Rs.3 billion,” Mukesh Bhatt, United Producers and Distributors Forum (UPDF) chairman, told IANS over phone [...]
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