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MUMBAI: After a week-long standoff, the disagreement
over revenue sharing terms between big banner
studio Yash Raj Films and the multiplexes over
the release of its film Tashan has finally
been resolved.
This
has resulted in the film releasing in multiplexes
nationwide from today.
The
agreements that have been thrashed out between
Yash Raj and the multiplexes cover all the films
that India's biggest studio will release this
year and include Kunal Kohli's Thoda Pyar
Thoda Magic on 27 June, Siddharth Anand's
Bachna Ae Haseeno on 15 August, Jugal
Hansraj's Roadside Romeo on 24 October,
finally culminating with Aditya Chopra's Rab
Ne Bana Di Jodi on 12 December.
Post
the release of Tashan on 25 April, multiplex
chains like PVR Cinemas, Adlabs, Shringar Cinemas,
Inox Leisure, E-City Ventures' Fun Cinemas,
and Cinemax had rejected Chopra's demand for
50 per cent of ticket sales share in the first
and second weeks of release. The multiplexes
were not ready to meet Chopra's demands as other
production houses were charging 48 per cent
for the first week and 45 per cent for the second
week as revenue share.
The
terms that have been agreed upon now are to
the mutual satisfaction of all the concerned
parties, states an official release from Yash
Raj.
According
to industry sources, the distribution percentage
finally agreed upon between Yash Raj and distributors
are 48:52, 38:62 and 30:70 for the first, second
and third week respectively for the Mumbai territory.
The terms for other cities will be 50:50, 60:40
and 70:30 for weeks one, two and three respectively.
These
were the revenue sharing terms under which recent
big films like Jodhaa Akbar, Welcome
and Taare Zameen Par were released as
well.
A
point of note here is that for Yash Raj's biggest
release for 2008 - Rab Ne Bana Di Jodi
- a different formula has been agreed upon.
The revenue share terms for Rab Ne
are the same as what Shah Rukh Khan negotiated
last year for his blockbuster home production
Om Shanti Om. The terms being 50:50,
57.5:42.5 and 65:35 for the first, second and
third weeks respectively in Mumbai, while for
other territories it will be 50:50, 55:45 and
65:35 for the first three weeks.
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