Wednesday, October 24, 2007
Distributors, cineplex owners fail to chant Om Shanti Om
After a meeting on Monday most of the prominent multiplex chains, including PVR Cinemas and Inox Leisure, are learnt to have removed promotions of Om Shanti Om and Saawariyan and have refused to agree to the term and conditions of the distributors.
As of now, none of the multiplex chains has signed any deals with the two distributors to screen the two majors productions of the season.
When contacted PVR Cinem’s film division COO Ashish Saxena said, “We have reached no conclusion yet with the distributors.” He confirmed that many multiplex players have stopped promoting the movies as of now. Said Adlabs Cinemas’ COO Tushar Dhingra, “ We have not signed any formal agreement with the distributors as of now.” While Eros officials were not available for comments, S P E Motion Picture Group officials refused to comment, stating that it was an internal matter.
Industry sources, however, believe that Sony Pictures Entertainment is under more pressure as Saawariyan is its first Indian co-production with Sanjay Leela Bhansali. Sources are also anticipating that if the situation worsens, both these players might look at negotiations separately. “I don’t think SPE and Eros have signed a formal agreement for price negotiations,” added a source.
Sharukh Khan’s Om Shanti Om and Saawariyan which have locked horns on all fronts including date of release, promotional tie-ups with brands, costumes and marketing budgets, decided to get together on revenue negotiations with multiplex owners. According to sources in the industry, the distributors asked for a revenue share of 50% for the first week, and 40% for the subsequent two weeks. Traditionally, a movie distributor charges 50% revenue share for the first week, but 30% revenue for the second and third week
Meenakshi Verma, TNN
As of now, none of the multiplex chains has signed any deals with the two distributors to screen the two majors productions of the season.
When contacted PVR Cinem’s film division COO Ashish Saxena said, “We have reached no conclusion yet with the distributors.” He confirmed that many multiplex players have stopped promoting the movies as of now. Said Adlabs Cinemas’ COO Tushar Dhingra, “ We have not signed any formal agreement with the distributors as of now.” While Eros officials were not available for comments, S P E Motion Picture Group officials refused to comment, stating that it was an internal matter.
Industry sources, however, believe that Sony Pictures Entertainment is under more pressure as Saawariyan is its first Indian co-production with Sanjay Leela Bhansali. Sources are also anticipating that if the situation worsens, both these players might look at negotiations separately. “I don’t think SPE and Eros have signed a formal agreement for price negotiations,” added a source.
Sharukh Khan’s Om Shanti Om and Saawariyan which have locked horns on all fronts including date of release, promotional tie-ups with brands, costumes and marketing budgets, decided to get together on revenue negotiations with multiplex owners. According to sources in the industry, the distributors asked for a revenue share of 50% for the first week, and 40% for the subsequent two weeks. Traditionally, a movie distributor charges 50% revenue share for the first week, but 30% revenue for the second and third week
Meenakshi Verma, TNN
Labels: Eros International, Farah Khan, Om Shanti Om, Saawariya, Shahrukh Khan, Sony Pictures
Posted By Ivan Me ... at 8:38 PM
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