Bollywood Hungama

Bollywood Braces for Movie Strike

Posted on: April 4, 2009

Bollywood film producers were expected to strike on Saturday after failing to arrive at a revenue-sharing agreement with movie theater owners, TOI News reported. Indian film producers are threatening to stop making new movies if they do not receive a 50 percent share of the revenue raised by multiscreen theaters. Theater owners say that producers stand to make a disproportionate share of revenues, and that they will continue to show older films on their screens until the dispute is resolved. The Times Of India said the $2 billion-a-year Indian film industry now earns as much as 70 percent of its revenue from multiscreen theaters.

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1 Response to "Bollywood Braces for Movie Strike"

Bollywood strike.

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