'Fanaa' no show: Fun Cinemas deny rift with Yash Raj

MUMBAI: Subhash Chandra promoted Fun Cinemas (the multiplex brand of Fun Multiplex Pvt Ltd), which along with Inox are the only two cinema chains not screening the Aamir Khan blockbuster Fanaa, has categorically denied any differences with producer Yash Raj Films.

A statement issued today by E-City Ventures (the corporate brand representing the Essel Group’s out-of-home leisure interests) made the following clarifications:

a. There exist no differences between The Essel Group or E-City Ventures and Yash Raj Films (the producers and distributors of Fanaa). All such indications prevailing in the entertainment industry are being spread out of malafide intent, through parties that could have vested interests in this matter.

b. The revenue model of film exhibition works in a way that films with assured commercial success pay for films that do not justify the exhibitor’s overheads. It is therefore necessary for the exhibitor to price both of them in a way that is acceptable to the audience. This assures a longer shelf life for the given film and ultimately benefits the producer and distributor.

All the points that The Essel Group and E-City Ventures brought to the table while negotiating terms with Yash Raj Films, were motivated by this strong belief.

c. The Essel Group and E-City Ventures currently have exhibitory control over 70 single screen cinemas and 40 movie multiplexes. The repercussions of the terms negotiated between Fun Cinemas and Yash Raj Films were to affect all these cinemas. It is not that the exhibitors respect the premium value offered by the producer any less – but they care more for the purchasing power of their audience.

Thus, the fact that both the parties could not agree on common terms, is a pure business deadlock and not a confrontation of any kind.

The statement concludes by saying that any subsequent releases from India's most powerful studio would be "negotiated as an independent premise". This is a significant point because for the remainder of 2006, Yash Raj Films has a virtual lock on all the big Hindi blockbusters that are slated for release. The A-list movies in its kitty include home productions Dhoom 2 and Kabul Express, as well as the year's other two biggies - Rakesh Roshan's Krrish and Dharma Productions' Kabhie Alvida Na Kehna.

Latest Reads
Comedy Central sets pace for ultimate celebration with over 100 hours of non-stop FRIENDS ultra marathon for its 6th birthday

Birthdays and New Years are great occasions to make resolutions for participating in marathons. However, this is one marathon which calls for hanging up your running shoes and grabbing the best spot in front of the telly with a bowl of munchies to keep you going because, for the first time ever in...

Television TV Channels English Entertainment
U Sports launches India's first ever Multi-Platform Multi-Game E-Sports Championship - U Cypher with MTV

The Indian E-Sports scenario is all set for a major revamp as U Sports, one of India’s biggest sports business companies in association with India’s No. 1 Youth Brand, MTV, announces the premiere of their all new month-long championship, U Cypher with MTV. Premiering today, on 19th January, the...

Television TV Channels Sports
TV ownership increased by 14% in 2017: IRS

After a gap of four years, the Indian Readership Survey (IRS), which documents the growth of the media industry, has been released for 2017. The survey methodology was criticised in 2014 and, therefore, was halted for an upgrade. This time, the sample size has been increased by 34 per cent to 3.2...

Television TV Channels Viewership
CNN-News18 launches 'If I Were FM Challenge'

As part of its Budget programming, CNN-News18 is launching the ‘If I were FM Challenge’. The campaign will encourage viewers to contribute their suggestions for the Union Budget. The channel will run an extensive on-air campaign to promote the same.

Television TV Channels News Broadcasting
BBC World News to Broadcast 'China's Chat Girls'

Lele Tao is an internet superstar in China’s $3 billion dollar ‘live streaming’ industry. With more than a million fans she can earn thousands of dollars a day singing, dancing, flirting, or often just chatting into her webcam. Fans buy her virtual gifts which she redeems for cash. In return she...

Television TV Channels News Broadcasting
PKL season 6 and 7 dates announced

The second most watched domestic league in India, Vivo Pro Kabaddi League owned by Mashal Sports and Star India announced the dates of sixth and seventh season.

Television TV Channels Sports
Star Bharat leads Hindi GEC (U+R) in week 2 of BARC ratings

MUMBAI: Star Bharat emerged as the leader in the Hindi GEC (U+R) genre dethroning Zee Anmol according to Broadcast Audience Research Council (BARC) all India data for week 2 of 2018.

Television TV Channels Viewership
BARC week 2: Aaj Tak leads Hindi News in all three markets

MUMBAI: Republic TV continues its leading streak in the second week of the year as well in BARC All India ratings. News Nation stays in the top five chart in week 2 of 2018 in Hindi News Rural market. Aaj Tak tops the chart again in Hindi News Urban market.

Television TV Channels Viewership
Dsport acquires India rights of tri-nation tournament in SL

Discovery’s sports channel Dsport has acquired the exclusive India broadcast rights of Nidahas Trophy 2018, a tri-nation international T20 tournament involving India, Sri Lanka and Bangladesh. The transaction was facilitated by Lagardère Sports, the global marketing consultant of Sri Lanka Cricket...

Television TV Channels Sports

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories